black morse wrote:If, as we are told, the club is debt free am I right in thinking we cannot go into receivership and there would be no point in going into administration?
We may have repaid the loans, but what about this months' and next months' wages, what about the PAYE/NIC due to HMRC from the wages, what about the quarterly VAT due, what about suppliers? Lots of scope for anyone who the club owe money to, to put the club into administration. The most likely will be HMRC who aren't slow to issue winding up orders if they've not been paid the PAYE/NIC and VAT on time, especially as in our case, if there's a history of late payment.