Thu, 14 Jun 2012 | ADMINISTRATION
Rugby club Bradford Bulls is facing entering administration within two weeks over a hefty unpaid tax bill.
The club has two weeks to raise the £1 million funds needed to see it to the end of the season. This is crucial for the club despite generating £500,000 in April through fan pledges, gate receipts and an auction, following a plea for help from fans.
It was thought at the time that a further £500,000 would be sufficient to meet its current liabilities but further problems in its finances came to light afterwards leading to The P&A Partnership being called in as administrators.
Key figures behind the rugby club Andrew Bennett and Peter Hood had resigned shortly after saying that the additional £1 million was required to save the club.
The directors filed a notice to appoint administrators after being threatened with a winding-up order from HMRC.
Brendan Guilfoyle of The P&A Partnership said, “It doesn’t mean that the club will necessarily enter administration. The club has two weeks to find additional funds – this may mean a number of investors coming together to save the club.”
Bradford Bulls' director Stephen Coulby commented, “Bradford Bulls remains a terrific club with a marvellous history, an iconic brand and it has a great deal to offer any partner wanting real value for his investment.”
An established, award-winning care home with nursing, that is located in a popular East Midlands town and has come to market for the first time so that our client can retire.
For sale a lucrative portfolio of residential care homes conveniently clustered in the Northwest of England, offering residential and dementia care.
A profitable care home with nursing located in an East Midlands town. Well-presented and extended accommodation with 57% of the ground floor bedrooms being ensuite.
03
|
May
|
Three Aberdeen legal firms merge to form all-service provider | MERGER
Three prominent Aberdeen legal businesses have merged to for...
03
|
May
|
BGF-backed asbestos services firm makes third acquisition | BUSINESS SALE
Environmental Essentials, a specialist asbestos services fir...
03
|
May
|
Logistics firm acquires pair of Derbyshire businesses | BUSINESS SALE
A logistics firm headquartered in Preston has acquired a pai...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.