Barrow now filed their 2023 accounts showing they lost £130k. But shock horror they're solvent to the tune of £869k net assets ........ however, that includes £1.8 million re the ground.

The statement from the BoD states HRMC liabilities have been settled, why then are they still having to go to the High Court?
Can any one with a legal mind enlighten me please.

It's all as clear as mud, isn't it? It should all be black or white, either Fax owe the HMRC money, or they don't!

It appears to me that we are paying the minimum required to keep going with a payment plan of how it will be fully settled eventually..

We heard similar from the Bulls under Marc Green in 2016
This was his words
"There is a dispute between ourselves and HMRC which we have been working hard to resolve since the winding up petition was issued and despite two adjournments from the courts to resolve this matter we have been unable to do so.”

Hopefully it's not the same situation at Halifax and you manage to come through these problems.

I have a bad feeling this WUP turns in to a winding up order. Nothing the board say in that statement makes sense. They have had a month now since it were issued to sort it out if it were a mistake and there would be no need to go to a hearing. I really hope that the recent cash grabs have not been some last act of desperation and there is more of a plan in place but can we trust that to be the case?

The taxman is often unfairly demonised ...... but they play a fair game, so like you say it just doesn't make sense. The monthly payroll deductions payable should be very clear so I cannot see how a discrepancy which cannot be resolved can arise, therefore I'm assuming the dispute must relate to the timing of the payments but the club has stated all liabilities have been settled. All very confusing.

The accounts Liability figure of £130,014 that is being shown on PFForum for example has been on the Companies House accounts for "A Dormant Company" was first declared on the 5th Nov 2014 for the year up to Nov 30th 2013 and most years since then except for 2015 / 2016 so if the current dispute is over that it seems a long time for HMRC to wait before pushing it?

Maybe that's the company that holds the RFL membership and the HMRC have been persuing the wrong company ?

Over a decade seems a long time?

Probably more like another Town sh*t stirrer posting old figures that have nothing to do with the current dispute.

One thing is for sure if it goes to court depending on the ruling the club will either have to pay or they won't and in pretty short order.

It seems like a "no smoke without fire" situation, which we have seen at other clubs in the past.

There's a couple of limited companies exist relating to the club, and the investment vehicle (PK 2022 ltd). And all have the same directors. Ideally none of these should be coming to the attention of HMRC or any other agency. If everything was fine and above board then they wouldn't do.

Seems like we are currently going around and around in circles, hopefully there is a light and the end of the tunnel and we can move on

I very much doubt the £130k in the dormant company accounts has anything to do with HMRC as it's described as "other creditors" so most likely will be an old directors/ former directors loan which obviously can't be repaid.

https://www.thegazette.co.uk/notice/4757269 https://www.gov.uk/government/publicati ... cause-list Also on here and says not before 11:30 From the link above it looks like we will hear about this later today

https://www.thegazette.co.uk/notice/4757269 https://www.gov.uk/government/publicati ... cause-list Also on here and says not before 11:30 From the link above it looks like we will hear about this later today

With eyes on the outcome ( some concerned fax fans , and some hopeful town fans ) let's hope the club are quick to update the fans of the outcome either way .

Still awaiting Fev's 2023 accounts to be filed which are now a week overdue. Nice to know we're not the only shambolically run club.

Did hear from a reputable source that we won the court case and that's now left between us and the hmrc to rectify out of court so should be safe .

Great news (if that's true). Would expect the club to publicise that asap to put minds at rest.

Adjourned until January 29.

Well that kind of leaves you in limbo I assume?

Seems to increase the chances that it is not just a simple mistake in my opinion. Still no comment from Fax and although Id agree that people ask too much in wanting comments on every little thing that goes on at the club, I would say a winding up petition when people know when the hearing was scheduled for, does deserve at least a fleeting mention.

Correct. Not being informed on something as serious as this could possibly be affects all manner of things involving the club. I have got my season ticket but that's as far as i've gone so far. It's all very frustrating if not annoying.

As I have mentioned before Marc Green did similar at the Bulls. Put it off as long as he could. Said was paid and false etc.

I hope Fax aren't heading the same way.
If the debt was incorrect it wouldn't of got past this point in court.

Another press release from the board that tells us absolutely nothing - I may be an old cynic but you would think if they had anything positive to announce they'd be shouting it from the rooftops. I will be absolutely delighted to be proved wrong.

Statement out from Fax saying positive progress. Again my worry with this is that if it were a mistake then we have had a lot of time to put together our case and on actually making the hearing it has not been thrown out which suggests its not as cut and dried as we were originally lead to believe. Can't say I am overly keen with the part that says "The judge has adjourned the case to 29th January 2025, recognising the merit of our stance". It makes it sound like we are trying to play games with HMRC.

None of this makes sense.