BOLTON Wanderers’ continuing fight to avoid administration in the High Court has been granted a further stay of execution following an adjournment until March 21.
Solicitors representing the Sky Bet Championship side appeared at the High Court on Monday to run through the plans for a buy-out of the club by a consortium led by former striker Dean Holdsworth.
Registrar Clive Jones refused a winding-up petition from HMRC, which had asked for Bolton to be wound up after over a £2.2m tax bill.
The Trotters recently announced that it had sold its training ground to Wigan Athletic.
Manufacturer DMG Steelworkers has been sold out of administration in a pre-pack deal by insolvency and restructuring firm CVR Global
By threatening creditor returns, the government could undermine the UK’s World Bank insolvency ranking and cost creditors £8m a year, trade body R3 warms
Lee De’ath and Richard Toone, partners at CVR Global, were appointed joint-administrators of Lexden Centre (Oxford) Limited, trading as Colchester English Study Centre (CESC), on 29 June 2016
The current business rates system is over-complex and reform is needed, but reforms should focus first of all on simplifying the appeals process, particularly for businesses which are subject to business rates exemption