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FenwayFrank

Winding up order

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Starting to be reported now....

http://www.ipswichstar.co.uk/news/ipswich_town_to_explain_winding_up_order_1_4427651

The response quoted on TWTD was only a ''belief'' that it was over a debt cleared before Christmas, and was made before the tim eof the official hearing into the case. According to the Star article a club statement later today is promised - once the hearing has occurred no doubt.

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[quote user="lappinitup"][quote user="FenwayFrank"]Number 47. 😀

https://www.justice.gov.uk/courts/court-lists/list-companies-winding-up[/quote]Oh no! They''ve got "Purple Overseas Investments Limited" on that list too. (35) [+o(][/quote]Purple Overseas Investments Limited is run by my former, er, personal assistant, Miss Lucretia Longstocking, and has no connection with my PurpleCanary Universal Ltd group, all the associated companies of which are in the rudest of financial health (as measured by the acknowledged benchmark of Ipswich Town Football Club Ltd), and any suggestion to the contrary will be met with the full force of the UK defamation laws.

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The debt may or may not have ben paid but for how long was it outstanding? Things like this happen if an organisation is broke, incompetent or crooked (or a combination of two or more of these admirable characteristics). The 10p in the £ Club will not be forgotten.

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"Ian Milne, the club’s managing director, had earlier told BBC Radio Suffolk that he believes the winding up order is “a matter that’s already been resolved”.

He said he believed it relates to a debt that was paid before Christmas.

"Believes?" Surely the managing director should "know" about such important matters.

"Broke, incompetent or crooked." All three it seems.

Add to that "tin-pot."

Come on Marcus, "Let''s be ''avin you.''

Your Town needs you.

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I read on TWTD last night that one poster was '' a supporter of Mucus Evans and all that he had done for the club'' !!!!!!!

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[quote user="morty"]http://www.bbc.co.uk/news/uk-england-suffolk-35631799[/quote]

A fantastic "Smug" photo with that article. About sums that club up.

The fact remains they delayed paying HMRC some cash (most companies pay HMRC by direct debit so not to do so on time has to be a deliberate act - probably so they could pay for a Xmas party and pretend it is business as usual!) . Without further investment once you start delaying payments to HMRC there really is nowhere else to go but stop paying the wages of your employees. If I worked for the Scum (which would never happen) I would be asking a lot of difficult questions and dusting off my CV.

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Since when have HMRC been a ''service provider''?........."Town MD Ian Milne says the club’s appearance on a Ministry of Justice list of companies being issued with winding-up orders today was a "mistake" relating to an automated process at a service provider and will be dismissed at this morning’s hearing.

What happened was that a service provider issued a

court petition for non-payment between Christmas and New Year whereby

their automated processes accelerated this action, despite an agreement

for payment to be made in early January,” Milne told Radio Suffolk.

“The creditor subsequently withdrew the petition on receipt of payment and this will be dismissed at the hearing today.

“If they issue a court order then the only way it

can be dismissed is back in the court, and that’s what’s being heard

today. It’s a storm in a teacup because it was paid at Christmas.”

He added: “I totally understand [fans’ concerns,

but] it’s the way the court system deals with these things. It’s listed

and it’s listed because it’s the only way to dismiss the application.

“It was a round the Christmas period and they’ve

got this automated process between Christmas and New Year when they

shouldn’t have done because everything was tied up before then but they

still went ahead with it. We got a letter in early January saying we’d

paid in full and the application will be dismissed.

“It’s regrettable. Certainly, we don’t like this sort of thing happening and we do try to pay people on time.

"It was a mistake by the service provider because there was an agreement to pay which we duly met."

He says the matter is not an indication of any underlying financial trouble at Portman Road.

“Marcus Evans still continues to put a lot of money

into the club,” he continued. “We’re doing well with our attendances,

our corporate hospitality, so it’s business as usual. This is just a

glitch that hopefully has been explained as a non-event.”

A club spokesperson told TWTD in a statement: “A

service provider issued a court petition for non-payment between

Christmas and New Year whereby their automated process accelerated this

action despite an agreement for payment to be made early January. 

“The creditor subsequently withdrew the petition on receipt of payment and this will be dismissed at the hearing today.”

Yet The BBC clearly state............

A winding up application issued by tax officials against Ipswich Town Football Club has been dismissed in court.

A tax bill was issued by HM Revenue and Customs (HMRC) to the club in December, the club said.

However, agreement on paying it had already been reached and the club described the court hearing as a "storm in a teacup".

HMRC are clearly not a ''service provider'' so to suggest they are is a blatant lie.

And still their fans can''t see through them............

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Running costs apart, the tax bill is always the first concern for all efficient companies.

Numero uno, as you can never get the better of that lot.

If they delayed paying that bill, and there must have been some degree of ''fobbing off'' of HMRC for them to take it that far, then their other creditors must be starting to get concerned.

Apparently the club has a reputation for very late payments and, from reading on TWTD (where a lot of tawdry secrets are suddenly being exposed), some local companies refuse to do business with them because of this.

Tip of the iceberg.

Watch this space.

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All sorted, it''s not the club''s fault at all...........From TWTD..........Q:   A "mistake by a service provider" turns out to be a claim from HMRC. Why has Mr Milne tried to mislead fans?
A:   Because we don''t pay HMRC direct and it would be our accountancy firm (The Service Provider) who has fallen down here. No misleading at all"
https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcRUaVkxm9msWMUCIjnnVJhU99qez_c8Ue5t7Egj8oSUsxtfdHo_

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[quote user="FenwayFrank"]Case dismissed as the bill has now been paid[/quote]Makes you wonder how long this has dragged on for? HMRC would only use the courts as a last resort, so blaming non-payment on automation and Christmas sounds very feeble.They do sail close to the wind though. It was only four years ago the Town Council was threatening them with a winding up order over rent arrears.http://www.bbc.co.uk/news/uk-england-suffolk-15266223Yep, they do have history

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Any provider of services/goods to this lot need to prepare themselves for a prolonged period of s. b. time (and worse)

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If you were selling anything to them, you need your head examining if you give them credit !  Strictly payment up front.

 

It''s normally HMRC who end up pushing football clubs into administration, because clubs are allowed to pay them in arrears, so they end up with the short straw when a club goes under.  Any commercial organization selling to a football club like them will know there''s a real risk they could go into administration at any time.

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a jester, his mum, and their 22 kids all dressed up as blue seats at the 1p5wich annual season ticket renewal fancy-dress party.

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You have to push HMRC a long way to face a winding up order.This is unlikely to be a recent tax bill owed but something from months ( probably 6 months at least) before for them to see the only way of getting their money is to wind the company up.The only other thing it maybe is that as part of the original creditors agreement to pay only 10p in the pound of the money it owed from last decade, HMRC would most likely insist on payment in full on time every month to have given agreement to the CVA in the first place. And failure to meet those terms would mean an instant winding up order being filed.

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[quote user="whoareyou"]You have to push HMRC a long way to face a winding up order.This is unlikely to be a recent tax bill owed but something from months ( probably 6 months at least) before for them to see the only way of getting their money is to wind the company up.The only other thing it maybe is that as part of the original creditors agreement to pay only 10p in the pound of the money it owed from last decade, HMRC would most likely insist on payment in full on time every month to have given agreement to the CVA in the first place. And failure to meet those terms would mean an instant winding up order being filed.[/quote]I don''t think that is hanging over them anymore. Administration was way back in 2003 (they didn''t enter administration when Evans took over) and this is what was said at the time......."The end of the administration period, which began on February 10,

also means that day-to-day control of the club''s affairs returns to the

board of directors, although the administrators from accountants

Deloitte & Touche will continue to play a supervisory role.
This

will continue throughout the four-year term of the Company Voluntary

Arrangement agreed with the club''s creditors – which could see some

receive as little as 5p in the pound – to see that it is performing in

line with the business plan set out in the CVA."

And what Milne said today certainly backs up the first part of your post........

"It was a mistake by the service provider because there was an agreement to pay which we duly met."

Why would there be an "agreement to pay" unless they were in serious arrears?

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