Updated: 5th February 2020
Published: 21st October 2016
Bury Football Club has been issued with a winding up petition by HM Revenue & Customs (HMRC) in relation to money it owes the UK’s main tax-gathering body.
The club has been in receipt of several winding up petitions from HMRC in recent months but has so far managed to avoid being put out of business.
Winding up petitions issued by HMRC are sent to relevant courts of law on the basis of a belief that the debtor in question, in this case Bury FC, is operating while being insolvent.
If a winding up petition becomes a winding up order decreed by the court then the business involved will be unable to avoid being entered into liquidation.
In spite of the potential precariousness of the situation, Bury FC’s board has issued a series of bullish and defiant statements seeking to reassure supporters of the football club that its existence will not be threatened by the latest HMRC winding up petition.
“Over recent years, HMRC have taken a robust stance in their actions towards us, and other football clubs,” said a statement posted on the Bury FC website on behalf of the club’s board.
“HMRC appear, by their actions, to be intent on winding a football club up and sadly as a result of this we have dealt with a number of petitions in recent times, more often than not for tax which has just fallen due for payment.
“The club is confident the matter will be resolved and will operate as normal in working to make sure that we keep moving forward.
“As always, we will carry on regardless and apologise to any of our fans that may be concerned about the club but rest assured that there is nothing to be worried about off the field and please keep supporting the team on the field during this campaign.”
Bury FC has previously been issued three separate winding up petitions by HMRC over the course of this year, in January, April and June.
A date of November 21st has been set for a hearing on the subject of its latest winding up petition at the High Court in London.