BusinessBusiness RecoveryO’Hara & Co administrators appointed to rugby’s Celtic Crusaders

O'Hara & Co administrators appointed to rugby's Celtic Crusaders

O'Hara & Co partners Simon Weir and Peter O'Hara are appointed to super league rugby club Celtic Crusaders

O’Hara & Co administrators have been appointed to Super league rugby club Celtic Crusaders.

Peter O’Hara and Simon Weir from O’Hara & Co were appointed joint administrators today.

The club issued a statement saying it had suffered financial difficulties and inherited “significant” debt, which had made the business untenable.

O’Hara said: “There was a high level of support and enthusiasm towards Super League rugby in its first season in Wrexham which exceeded the club’s expectations.

“We are currently pursuing a number of options and are talking to interested parties and the RFL [Rugby Football League] in the hope that a solution can be found to the club’s current difficulties, which would enable it to go forward and maintain rugby league in Wales.”

The club faced a winding up petition from HM Revenue & Customs for unpaid tax liabilities, however, the club claims it repaid the debt.

According to the BBC the club had seemingly dealt with its tax problem, however, it also faced legal action from the RLP over claims of missing pension payments to players.

 

Related Articles

Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

1w Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

1w Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

4w Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

6m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

8m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor