Hodgsons helps Harlow Town enter CVA
Harlow Town enters CVA, securing dividend for creditors
Harlow
Town Football Club has entered into a company voluntary
arrangement.
Entering into the insolvency process will see the Ryman Division One club
docked ten points.
Under the CVA, the petition wind up the club by the taxman will now be
dropped, and insolvency experts from
Hodgsons
confirmed that creditors will receive a dividend on their claims, as long as the
club complies with the CVA.
“Harlow Town F.C has done what was necessary to give the Club a chance to
re-emerge and try and rebuild itself in a more stable, financial position with
the support of the town,” said Hodgsons’ David Mond, supervisor of the CVA.
Further reading:
Romario faces jail over tax
evasion
Mazars called in at Livingston FC
London Welsh saved after Tenon
brokers deal
