HM Revenue & Customs is poised to challenge the deal offered by Ken Bates
at Leeds United, which will see creditors receive only one penny in the pound.
The taxman is owed £7m, and is said to be on the warpath over Bates’
proposal, which will see him regain control after putting the club into
administration at the end of last season.
An HMRC insider
The Daily Telegraph: ‘We are furious at the raw deal we have got out of this
debacle. We are getting a penny in the pound for £7m of public money which
should be used to pay for hospitals and schools and other important public
Creditors have until next Tuesday to dispute the settlement. A meeting was
held yesterday, attended by economic secretary to the Treasury Ed Balls, to
discuss a possible challenge, the
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