Accountancy Magazine
Portsmouth administration could end soon
Football club addrresses HMRC concerns
17 March 2010
The administrator of Portsmouth FC has said the Premier League club could be out of administration in six to eight weeks, after a High Court winding up order was suspended.
Administrator Andrew Andronikou of UHY Hacker Young, said the football club was back in the High Court to address HM Revenue and Customs’ concerns about the administration process it entered last month, which prevented it collapsing under its debt. HMRC has now formally accepted the administration.
The winding-up order will be removed once the club has come out of administration.
Administrator Andrew Andronikou of UHY Hacker Young, said the football club was back in the High Court to address HM Revenue and Customs’ concerns about the administration process it entered last month, which prevented it collapsing under its debt. HMRC has now formally accepted the administration.
The winding-up order will be removed once the club has come out of administration.
CCH is a trading name of Wolters Kluwer (UK) Limited. Registered in England & Wales, No. 450650. Registered office: 145 London Road, Kingston upon Thames, Surrey KT2 6SR. Wolters Kluwer (UK) Ltd is authorised and regulated by the Financial Services Authority for general insurance business.