All three football clubs facing winding-up orders in the high court today
have been given stays of execution.
Cardiff City and Southend United were each given a stay of 28 days to settle
their bills with HM Revenue & Customs, or face another winding-up order.
HMRC told the courts that Portsmouth was “insolvent”, owing the taxman
£11.5m. However Portsmouth argued it had two offers on the table to buy out the
Portsmouth was given until next Friday by the court to provide details of its
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