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Winding Up Order Against Swindon Town FC Kept Alive

Written by: Keith Tully

Reviewed: Thursday 26th February, 2015

A winding up order issued against Swindon Town Football Club (FC) has been kept alive despite its debts owed to HM Revenue & Customs having been settled in recent days.
 

The business that owns the football club has been under severe financial pressure of late and has been in court to resolve the relevant issues.

It was thought that a winding up order brought by HMRC would be dismissed but the law firm St John Law is now demanding payment of fees it claims to be owed by the football club.


Amounts owed to HMRC were not disclosed but a petition to have Swindon Town Football Company Limited (STFCL) wound up was issued earlier this year. That order looked to be on the verge of being dismissed in court this week until representatives of St John Law pushed to keep it alive.

Swindon Town representatives will now face further questions and court proceedings in relation to amounts said to be owed to St John Law by the company that owns the club. The amounts owed are believed to relate to legal fees due in relation to last year’s transfer of ownership of the football club.

“This is based on debt incurred through invoices for solicitors’ fees. The administrator has been trying to contact the debtor since October last year and had very little response,” Emma Knight, a representative of the law firm, is quoted as saying by the Swindon Advertiser.

“Outside court I was told there was a dispute over the liability, but this was the first time I was made aware of this particular dispute,” she is reported to have said.

It is understood that STFCL does not accept liability for the fees claimed to be owed to the law firm and a company spokesperson expressed surprise at seeing the winding up order kept alive despite debts with HMRC having been settled. Lawyers for STFCL apparently view the debts owed to St John Law as being the personal liabilities of Swindon Town FC owner Lee Power.

The case to decide the various issues is now scheduled to be heard in court on 9th March. 

Keith Tully

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Keith has been involved in Business Rescue since 1992, during which time he’s worked for both independent and national firms. His specialties include company restructuring matters and negotiating with HMRC on his clients behalf.

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