Accrington to be wound up? [edit: Notice... 2009 thread]

[campdave]

SSN report winding up notice against Accrington Stanley by HMRC

Can't find any other links at present

[Duffman]

From their Official site:

HM Revenue and Customs debt
Accrington Stanley have received notice of commencement of winding up proceedings issued by HM Revenue and Customs in respect of unpaid tax and national insurance contributions of around £300,000, to be heard in the High Court on 10th June, 2009.

Although we do not look to make excuses the arrears have occurred due to a number of factors, most notably because of the club’s contractual obligations with regards to players wages despite the fact that levels of income have dropped significantly.

While we have been back in the Football League, our average attendance has dropped from 2,260 in our first season three years ago to 1,415 for the season just gone. Despite the falling attendances and general economic downturn our request for dispensation from the Football League to postpone having to install an additional thousand seats was turned down requiring us to carry out over £60,000 of work on the ground, and we also took a significant hit with the collapse of our main sponsor Fraser Eagle midway through last season, with well over £100,000 owing to the club.

All this said, the club fully accepts the liability, we believe that it is morally right that the money should be paid and are not seeking to avoid paying the any part of the debt. With the end of the current season we now have the opportunity to restructure the finances of the club, particularly in terms of revising our playing budget, and we are confident that working with our professional advisers we will find a solution to clear the outstanding balance in full.

Aside from the amount owing to HM Revenue and Customs our other liabilities come to less than a quarter of this figure, certainly not excessive for a company of our size with the majority incurred as general day to day operational costs.

[P/T Indie]

Fraser Eagle must have been pumping a fair amount of money if they still owed £100,000.

I would say that is by far a lot more than our main sponsors put in.

[fretz]

an hour earlier theyd annouced signing a player
released by carlise

[Posh]

Accrington to be wound up?

Surely with Burnley getting promoted they couldn't get more wound up?

[Christies Child]

Sounds as though they are putting all their faith in a particular white knight to come in and invest bags of money in the club.

I have to admit to feeling a wee bit sorry yet again for the fans who always come out of these type of situations as the loosers. After all the hard work over the past years to get to where they are now, to face the prospect of being bounced out of existance thanks to their 'powers that be' ignoring the inevitable seems particularly harsh. Surely their Directors realised that such problems don't go away?

[heysham_mfc]

does this mean that Chester may still stay up

[Christies Child]

The number of clubs already in trouble or on the brink of it, could mean a reduced number in League 2 for the coming season.

Wouldn't suprise me that during the next 12 months we see and hear of schemes to have a North and South Division made up of League 1 and 2 plus an increase from the Conference. It's the most logical way to help with finances of member clubs all of who will suffer to a greater or lesser extent. It's possible that only ourselves and the Shrews of Northern based clubs will have the new infrastructure to come out of this in a relatively unscathed way.

[steve mfc]

I was a bit suspicious when they announced the very cheap offer for season tickets, which struck me as being a bit desperate then the stalled takeover as well.

Administration is one thing but if they went out of business after having worked their way back up the leagues then that would be very hard to take.

[marky No.1]

Looks like they will be allowed to pay by instalments:
http://www.sportinglife.com/football/cc ... ationwide3

[wonder shrimp]

Businesses in genuine, but temporary financial difficulty

how is their difficulty temporary?

unless they mean temporary until some sugar daddy appears from nowhere.

[heysham_mfc]

lowest avarage attendance is the FL for the last season

[marky No.1]

They have secured a new shirt sponsor that will get them a few £££££££££££££

The televised play offs coming up will no doubt have helped.

http://www.footballtradedirectory.com/n ... igure.html