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CLUB STATEMENT: HMRC

Posted on: Thu 08 Jul 2010

Southend United attended the High Court today to answer Her Majesty's Revenue and Customs petition to have the Club placed into administration.

Yesterday the Club had arranged funds for the full amount to be sent to HMRC's solicitors.

At the last minute HMRC added costs and a further sum to the petition which the Club was unable to arrange to transfer in time.

Despite an offer to pay this further sum in three to five working days the proposal was not agreed by the Revenue and they continued their request for administration.

The Club has now until 22nd July to produce evidence that it is able to meet its liabilities on an ongoing basis going forward.

Judge Mr Justice Newey deferred making a decision until 2nd August.

With regards to Charterhouse Commercial Finances' petition funds are in place to meet that liability.

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Southend United Football Club Limited is registered in England and Wales. Company Registration Number 89767.
Southend United Football Club, Registered Office: Torrington House, 47 Holywell Hill, St. Albans, Hertfordshire, AL1 1HD

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