Town Football Club has entered into a company voluntary
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
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.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies