close

Practice

Business

Technology

Regulation

Resources

Rankings

Accountancy Age – Content Calendar 2024

Advertise With Us

    Information

    Football clubs receive stay of execution

    Football clubs receive stay of execution

    Portsmouth, Cardiff City and Southend United given more time to settle their tax bills

    Author Writer Date published February 10, 2010 Categories

    All three football clubs facing winding-up orders in the high court today
    have been given stays of execution.

    Cardiff City and Southend United were each given a stay of 28 days to settle
    their bills with HM Revenue & Customs, or face another winding-up order.

    HMRC told the courts that Portsmouth was “insolvent”, owing the taxman
    £11.5m. However Portsmouth argued it had two offers on the table to buy out the
    club.

    Portsmouth was given until next Friday by the court to provide details of its
    finances.

    Further reading:

    Three
    footy clubs face insolvency judgment day

    Share

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Subscribe to get your daily business insights

    Get the latest analysis and reports delivered to your inbox daily

    Resources & Whitepapers

    Resources & Whitepapers

    The importance of UX in accounts payable: Often overlooked, always essential
    AP

    The importance of UX in accounts payable: Often overlooked, always essentia...

    9m Kloo

    The importance of UX in accounts payable: Often ov...

    Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

    View article
    The power of customisation in accounting systems
    Accounting Software

    The power of customisation in accounting systems

    9m Kloo

    The power of customisation in accounting systems

    Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

    View article
    Turn Accounts Payable into a value-engine
    Accounting Firms

    Turn Accounts Payable into a value-engine

    4y Accountancy Age

    Turn Accounts Payable into a value-engine

    In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

    View resource
    8 Key metrics to measure to optimise accounts payable efficiency
    AP

    8 Key metrics to measure to optimise accounts payable efficiency

    10m Kloo

    8 Key metrics to measure to optimise accounts paya...

    Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

    View article

    Related Articles

    Business Distress Index – what are the latest insolvency trends?
    Business

    Business Distress Index – what are the latest insolvency trends?

    1d Chris Bristow

    Business Distress Index – what are the latest inso...

    The Business Distress Index for Q3 2024 from Real Business Rescue investigates how small-to-medium sized companies across England, Scotland, and North...

    View article
    Over half a million UK businesses fighting for survival as UK economy stagnates
    Business

    Over half a million UK businesses fighting for survival as UK economy stagn...

    7m Accountancy Age

    Over half a million UK businesses fighting for sur...

    The Construction, Food & Drug Retailers and General Retailer sectors in particular drove the increase in ‘significant’ financial distress, up 38.6%, 4...

    View article
    Number of retailers going insolvent 19% to breach 2000
    Business

    Number of retailers going insolvent 19% to breach 2000

    8m Accountancy Age

    Number of retailers going insolvent 19% to breach ...

    Body Shop, Ted Baker, Farfetch, MatchesFashion and Wilko among latest retailer insolvencies. Number of businesses in trouble are the highest in five y...

    View article
    Government must make ‘concrete actions’ to support small businesses
    Business Recovery

    Government must make ‘concrete actions’ to support small businesses

    1y Greg Noble

    Government must make ‘concrete actions’ to support...

    Insolvency statistics in the UK for the second quarter of 2023 were the highest since 2009 with 83% of them relating to small businesses Read More...

    View article
    Insolvency statistics for Q2 ‘highly concerning’
    Business Recovery

    Insolvency statistics for Q2 ‘highly concerning’

    1y Greg Noble

    Insolvency statistics for Q2 ‘highly concerning’

    There were 6,342 recorded company insolvencies in Q2, reflecting a 9% increase compared to the number of insolvencies in Q1, and a 13% increase compar...

    View article
    Accountants’ economic confidence edges up for third consecutive quarter
    Brexit & Economy

    Accountants’ economic confidence edges up for third consecutive quarter

    2y Sam Alberti

    Accountants’ economic confidence edges up for thir...

    The survey paints a “brightening” picture of the global economy, according to the ACCA Read More...

    View article
    Azets UK CEO: ‘degree of hysteria’ around SME health outlook
    Business

    Azets UK CEO: ‘degree of hysteria’ around SME health outlook

    2y Sam Alberti

    Azets UK CEO: ‘degree of hysteria’ around SME heal...

    The pandemic may have “distorted” some economic data Read More...

    View article
    ‘Financial hygiene’ and cost control key to surviving the recession, advisors say
    Business Recovery

    ‘Financial hygiene’ and cost control key to surviving the recession, adviso...

    2y Rob Griffin

    ‘Financial hygiene’ and cost control key to surviv...

    Advisory firms must offer a “more supportive” and holistic approach to clients amid the economic downturn Read More...

    View article