BusinessBusiness RecoveryCarlisle shoot into voluntary administration

Carlisle shoot into voluntary administration

Football minnows Carlisle United, have been placed into voluntary administration, after the club was served a winding-up petition by the Inland Revenue.

In a bid to safeguard the third division club’s future, its directors sought professional advice and have moved to appoint BKR Haines Watts after being granted permission by the High Court last week.

A statement from the administrators said: ‘On Thursday, June 6, David Elliot and David Walker of BKR Haines Watts were appointed joint administrators of the club at the request of Carlisle’s directors.

‘The directors are assisting the administration process by providing working capital for the club in the interim period.

‘The administrators are aware that the club was in the process of realisingsurplus land assets, the proceeds of which will restore the company’s liquidity and provide a positive cash flow.’

The administrators are in the process of putting together a financial plan to reschedule the repayment of the club’s debts.

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