Mazars called in at Livingston FC

Mazars called in at Livingston FC

Donald McGruther appointed interim manager, after West Lothian Council lodge a petition following non-payment of rent

Insolvency experts from Mazars have been called in at Livingston Football
Club Ltd after the Scottish football club failed to pay its rent.

West Lothian Council lodged a petition after non-payment of rent on the
club’s Almondvale Stadium. This resulted in Donald McGruther of Mazars being
appointed interim manager, under the Insolvency Act 1986, of the troubled club.

McGruther was previously liquidator of Falkirk FC in 1997. The club was
eventually returned to health and all creditors were paid in full following a
successful purchase.

Livingston FC has been in existence since 1943 and was originally a works
team known as Ferranti Thistle.

It entered the Scottish Football League in 1974. The club then moved to the
town of Livingston in 1995 following financial difficulties and changed it’s
name to match the new location.

This was followed by the club’s most successful period, which saw the team
move from the third division to the Scottish Premier league within six seasons
and qualify for the UEFA cup. It was then relegated to the First Division in
2006.

McGruther said: ‘We are working hard to preserve the value of Livingston and
produce a positive outcome for all. We thank fans in advance for their continued
support in this turbulent period.’

Further reading:

Livingston’s
previous troubles

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

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

Turn Accounts Payable into a value-engine

3y

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
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource