Thetownend.com

25% => The Boardroom => Topic started by: Batch on Friday, February 6, 2015, 23:48:13



Title: another winding up petition.... ffs
Post by: Batch on Friday, February 6, 2015, 23:48:13
http://www.swindonlinksport.com/2015/02/06/winding-up-petition-issued-to-swindon-town/

Quote
A WINDING-UP petition has been served on Swindon Town by HM Revenue and Customs, with a court date earmarked for Monday, February 23.

Swindon Town Football Company Limited have been named as respondents in the petition, listed in the London Gazette this week.

The case is due to be heard at the Rolls Building in London on February 23 after the petition was submitted by HM Revenue Customs, claiming to be creditors of the club, on Monday, January 5.

Link Sport approached Swindon Town for comment on Friday but the club has yet to respond.

Adver were going to put it on the front page, seems Sam pre-empted them.

Yes hopefully it'll be sorted, but one wonders about the true financial situation - cash flow, or something deeper.


Title: Re: another winding up order.... ffs
Post by: RobertT on Friday, February 6, 2015, 23:49:54
otib will implode


Title: Re: another winding up order.... ffs
Post by: Tails on Friday, February 6, 2015, 23:51:51
I really cant be bothered to do this again.

see what the club say before I properly react


Title: Re: another winding up order.... ffs
Post by: RobertT on Friday, February 6, 2015, 23:52:01
Given we just turned down £3.5m for Luongo, it seems Power is a bit of a tosser when it comes to paying bills.


Title: Re: another winding up petition.... ffs
Post by: Batch on Friday, February 6, 2015, 23:52:54
Given we just turned down £3.5m for Luongo, it seems Power is a bit of a tosser when it comes to paying bills.

Yeah, I think he's probably a sell his own grandma type. Hopefully it'll be resolved quickly.


Title: Re: another winding up petition.... ffs
Post by: RobertT on Friday, February 6, 2015, 23:54:21
Maybe he's got carried away with the new corporate trend of not paying anything for 90 days.


Title: Re: another winding up petition.... ffs
Post by: Batch on Friday, February 6, 2015, 23:54:52
More from www.swindonlinksport.com 's Sam Morsehead

Quote
Sources close to club suggest winding up petition will be resolved. Link Sport passing on information shown here: https://www.thegazette.co.uk/notice/2273706


Title: Re: another winding up petition.... ffs
Post by: otanswell on Saturday, February 7, 2015, 00:01:05
Given we just turned down £3.5m for Luongo, it seems Power is a bit of a tosser when it comes to paying bills.

He waits for the red letter like most of us south Londoners do soapy tit wank


Title: Re: another winding up petition.... ffs
Post by: @mwooly63 on Saturday, February 7, 2015, 00:07:16
More from www.swindonlinksport.com 's Sam Morsehead


Beren Cross ‏@BerenCross  2m2 minutes ago
Shah said the new notice was simply part of a formal process, but #stfc's dispute with HMRC had been dealt with.


Title: Re: another winding up petition.... ffs
Post by: Batch on Saturday, February 7, 2015, 00:07:20
quote from Adver's Beren Cross

Quote
#stfc director Sangita Shah said matter already resolved.

http://www.swindonadvertiser.co.uk/news/11778197.Swindon_Town_say_winding_up_case_is_sorted_as_date_set_for_High_Court_hearing/

Quote
...
 But Swindon Town director Sangita Shah said the matter had already been resolved and the notice was simply a part of that process.

 A spokesman for HMRC said: “For legal reasons, HMRC does not discuss the tax affairs of identifiable taxpayers.

“HMRC’s aim is not to wind up companies but to collect, as efficiently as we can, the debts that are due, using the range of powers available to us.

“HMRC only initiates winding-up action where it believes this is the best course of action to protect the interests of the Exchequer, in respect of a particular debt. Anyone struggling to pay an HMRC debt should call us.

“HMRC has an outstanding track record in supporting those who are experiencing genuine difficulty paying their debts, and this approach will continue.”
...

Seems a non-story before its even hit the shops so to speak...


Title: Re: another winding up petition.... ffs
Post by: RobertT on Saturday, February 7, 2015, 00:07:27
He waits beyond the red letter, he ignores the deb collector guff, avoids the knock on the door and then pays when the press gets hold of it,  Id=f he wasn't our owner he'd be a cock, as it is, lovely.


Title: Re: another winding up petition.... ffs
Post by: Peter Venkman on Saturday, February 7, 2015, 07:41:33
(https://quietdecisions.files.wordpress.com/2012/11/storm-in-a-teacup.gif?w=560)


Title: Re: another winding up petition.... ffs
Post by: Ardiles on Saturday, February 7, 2015, 08:22:15
The Adver is hastily reprinting all of its front pages.  Something about a cat stuck in a garden shed in Pinehurst.

(http://www.maniacworld.com/no-news.jpg)


Title: Re: another winding up petition.... ffs
Post by: THE FLASH on Saturday, February 7, 2015, 08:47:34
Ffs someone put up that post of the woman trapped in her house as a mattress is blocking her door.....


Title: Re: another winding up petition.... ffs
Post by: horlock07 on Saturday, February 7, 2015, 09:34:31
Was in public domain, needed reporting, was reported, club responded, appears sorted.... We move on.

Mr Moosehead has reported and thus proven he isn't a club patsy (don't think most of us ever thought he was but it was suggested by some supporting the Advertiser)

I think Mr Power is one who likes to drag out his terms, and possibly query every thing which he is fully entitled to do.

I wonder whether this is related to the already reported tight cash flow through lack of home games and the club trying to delay payment and the revenue not agreeing?


Title: Re: Re: another winding up petition.... ffs
Post by: horlock07 on Saturday, February 7, 2015, 09:35:35
Ffs someone put up that post of the woman trapped in her house as a mattress is blocking her door.....
http://m.swindonadvertiser.co.uk/news/8683196.I___m_trapped_in_my_own_home_/

I hope she is still there!


Title: Re: another winding up petition.... ffs
Post by: Bogus Dave on Saturday, February 7, 2015, 10:00:06
Assuming this has something to do with our cash-light January?


Title: Re: another winding up petition.... ffs
Post by: @mwooly63 on Saturday, February 7, 2015, 10:09:00
Ffs someone put up that post of the woman trapped in her house as a mattress is blocking her door.....

haha the comments section is the best


Title: Re: another winding up petition.... ffs
Post by: kerry red on Saturday, February 7, 2015, 10:11:01
Whilst I accept this is a bit of a non-story, it is beginning to piss me off that LP and his brinkmanship seems to be the way the club is now run financially.

I think we, as fans, deserve better than this


Title: Re: another winding up petition.... ffs
Post by: Processed Beats on Saturday, February 7, 2015, 10:21:40
@BBCWiltshire: NEWS: Swindon Town says it expects a winding up order to be dropped after paying an outstanding tax bill in full.

Non-story.


Title: Re: another winding up petition.... ffs
Post by: Ardiles on Saturday, February 7, 2015, 10:23:05
Does the Club have an FD these days?  I'm guessing not.


Title: Re: another winding up petition.... ffs
Post by: ChalkyWhiteIsGod on Saturday, February 7, 2015, 10:31:04
http://m.swindonadvertiser.co.uk/news/8683196.I___m_trapped_in_my_own_home_/

I hope she is still there!

Absolute comedy gold.


Title: Re: another winding up petition.... ffs
Post by: Bogus Dave on Saturday, February 7, 2015, 10:33:32
Does the Club have an FD these days?  I'm guessing not.

I don't think there is one designated, but aren't Anderson and shah accountants by trade? I'd echo Audrey's comments, this kind of stuff doesn't make us look good


Title: Re: another winding up petition.... ffs
Post by: Ardiles on Saturday, February 7, 2015, 10:41:45
...or even a Financial Controller/Chief Accountant.  We need someone in there who can manage the day to day cashflow.  Agree that it doesn't look good.

Maybe we could get Sandy Gray back in?  Only problem is she wouldn't be able to handle the VAT.


Title: Re: another winding up petition.... ffs
Post by: ronnie21 on Saturday, February 7, 2015, 11:04:39

Maybe we could get Sandy Gray back in?  Only problem is she wouldn't be able to handle the VAT.
Or even a Samdy Gray!!


Title: Re: another winding up petition.... ffs
Post by: Barnard on Saturday, February 7, 2015, 11:09:22
Club Statement up, which indicates that this is a hangover from the ownership wrangle.

http://www.swindontownfc.co.uk/news/article/club-statement-2253139.aspx


Title: Re: another winding up petition.... ffs
Post by: Costanza on Saturday, February 7, 2015, 12:39:17
It's a bit tiresome. Doesn't reflect well on the club no matter how you look at it.


Title: Re: another winding up petition.... ffs
Post by: chalkies_shorts on Saturday, February 7, 2015, 12:51:27
If the bad publicity we're getting is the price to pay for removing the vile slimy evil scumcunt McRory from this club it is a price worth paying. It just shows the amount of work that is going on behind the scenes to remove that cancerous piece of fucking filth from this club.


Title: Re: another winding up petition.... ffs
Post by: ronnie21 on Saturday, February 7, 2015, 13:33:25
It's a bit tiresome. Doesn't reflect well on the club no matter how you look at it.
Yes, doesn't reflect too well - but why does the Adver make it their top - and only - story ob the front page, and when you turn to page 2 you are told that it has been paid in full and the end of the matter!!!  And they wonder why they are not invited to press conferences!!!


Title: Re: another winding up petition.... ffs
Post by: ChalkyWhiteIsGod on Saturday, February 7, 2015, 13:46:44
Yes, doesn't reflect too well - but why does the Adver make it their top - and only - story ob the front page, and when you turn to page 2 you are told that it has been paid in full and the end of the matter!!!  And they wonder why they are not invited to press conferences!!!

(http://new2.fjcdn.com/comments/You+got+it+_7dcdbd3ee99a3e4bdde80c3c717a0c11.jpg)


Title: Re: another winding up petition.... ffs
Post by: lambourn red on Saturday, February 7, 2015, 21:35:43
OTIB are creaming their pants over it talking of 10 point deductions and going out of business #clutchingatstraws


Title: Re: another winding up petition.... ffs
Post by: 4D on Saturday, February 7, 2015, 22:57:17
Otib is great,  just reinforces a lot of my thoughts  :D


Title: Re: another winding up petition.... ffs
Post by: Red and Proud on Sunday, February 8, 2015, 10:02:55
Otib is great,  just reinforces a lot of my thoughts  :D
makes the yellows forum seem more educated and mature.


Title: Re: another winding up petition.... ffs
Post by: The Grim Reaper on Sunday, February 8, 2015, 14:31:31
OTIB users are just irritated that a club like ours is up there challenging against such a giant like them at a fraction of the cost. I'd love it if they finished 3rd on the final day of the season before being bundled out of the playoffs by the team who finishes 6th.


Title: Re: another winding up petition.... ffs
Post by: bigbobjoylove on Sunday, February 8, 2015, 14:33:48
bundled out of the playoffs by the team who finishes 6th.

Preferably by a good footballing side like Chesterfield.


Title: Re: another winding up petition.... ffs
Post by: Levi lapper on Monday, February 9, 2015, 15:25:47
Yes, doesn't reflect too well - but why does the Adver make it their top - and only - story ob the front page, and when you turn to page 2 you are told that it has been paid in full and the end of the matter!!!  And they wonder why they are not invited to press conferences!!!

One of the disadvantages of making an enemy of the local paper - what is to stop them sensationalising the story when the club has burnt all the bridges....


Title: Re: another winding up petition.... ffs
Post by: theakston2k on Monday, February 9, 2015, 15:58:53
One of the disadvantages of making an enemy of the local paper - what is to stop them sensationalising the story when the club has burnt all the bridges....
They were doing articles like this before they were banned, that's why the club got pissed off in the first place. The Adver were the ones that burnt the bridges...


Title: Re: another winding up petition.... ffs
Post by: suttonred on Monday, February 23, 2015, 11:28:45
Sam's tweeting that the winding up order was dropped, but then some guy turned up asking for money owed regarding solicitors payments. Sounds like a classic 70's farce being played out in public...


Title: Re: another winding up petition.... ffs
Post by: Saxondale on Monday, February 23, 2015, 11:32:23
I swear they owe me a fiver.  Im nipping down the court.


Title: Re: another winding up petition.... ffs
Post by: Bob's Orange on Monday, February 23, 2015, 11:43:48
Bill paid to HMRC but we owe a company called St John Law (who are in administration themselves) some money.

As SR says, this is farcical and more than likely a total non-event.


Title: Re: another winding up petition.... ffs
Post by: Summerof69 on Monday, February 23, 2015, 12:01:28
Bill paid to HMRC but we owe a company called St John Law (who are in administration themselves) some money.

Wasn't that Power's old lawyers, which Power said had been paid, a few months back.


Title: Re: another winding up petition.... ffs
Post by: Power to people on Monday, February 23, 2015, 13:06:31
Wasn't that Power's old lawyers, which Power said had been paid, a few months back.

Odd that Power has not paid the lawyers but now he is forced to and back to Court on March 9 for this to be heard.

I think Power claims this should be against him and not the club, but just another thing to be paid, I'm sure he just forgot to pay the bill, left the invoice in the board room and went back to Switzerland and the cleaner came in and cleaned up and it then got misplaced.


Title: Re: another winding up petition.... ffs
Post by: Batch on Monday, February 23, 2015, 13:46:24
It probably is nothing. But its a bit tiresome to read about unpaid bills every flipping week.



Title: Re: another winding up petition.... ffs
Post by: Red and Proud on Monday, February 23, 2015, 13:50:24
Bill paid to HMRC but we owe a company called St John Law (who are in administration themselves) some money.

As SR says, this is farcical and more than likely a total non-event.
just because a company is in administration does not mean you do not have to pay monies owed. The receivers of said company will peruse you if there is an outstanding invoice against you. Shah & Power know this. They may or may not know of any more debt outstanding but if they do, using the current HMRC situation is an idea way to deferring payment up until they have to, like 9th March. St. John Law turned up because of the HMRC winding up order. They would not want to be excluded from the creditors list if the HMRC were successful. HMRC do not have primacy over a companies debt like they used to. That said STFC could now dispute any invoices that are claimed to be owed to them thus either keeping money in the bank or buying time to get some to eventually pay if it is legit. It's a game played out every working day in this country by business, rightly or wrongly. Trouble is with the previous maverick board woodworm does always appear straight away....


Title: Re: another winding up petition.... ffs
Post by: suttonred on Monday, March 16, 2015, 14:00:02
Still rumbling on then


http://www.thisisswindontownfc.co.uk/news/11858844.Swindon_Town_debt_of___54k_pursued_by_adminstrator/


Title: Re: another winding up petition.... ffs
Post by: Berniman on Monday, March 16, 2015, 19:52:46
Nothing to see here...


Title: Re: another winding up petition.... ffs
Post by: Mother Brown on Monday, March 16, 2015, 20:18:59
So we owe money to Guatemala now  :sherlock: