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HMRC SERVE WINDING-UP PETITION
(Monday 4th March 2013)
Sign of The Times

A winding up petition on Wycombe Wanderers Football Club Limited has been served by the Commissioners for HM Revenue and Customs. The notice was posted via The London Gazette on Monday 4th March 2013.

The notice read, In the Matter of WYCOMBE WANDERERS FOOTBALL CLUB LIMITED (Company Number 05132509) and in the Matter of the Insolvency Act 1986

A Petition to wind up the above-named Company, Registration Number 05132509, of Adams Park, Hillbottom Road, Sands, High Wycombe, Buckinghamshire, HP12 4HJ, presented on 11 February 2013 by the Commissioners for HM Revenue and Customs, of Bush House, Strand, London WC2B 4RD, claiming to be Creditors of the Company, will be heard at the Royal Courts of Justice, 7 Rolls Buildings, Fetter Lane, London EC4A 1NL, on 25 March 2013, at 1030 hours (or as soon thereafter as the Petition can be heard).

Any persons intending to appear on the hearing of the Petition (whether to support or oppose it) must give notice of intention to do so to the Petitioners or to their Solicitor in accordance with Rule 4.16 by 1600 hours on 22 March 2013.

Wycombe Wanderers Trust, who had warned the previous week that the Club could go into administration unless Ł250,000 was raised as a matter of urgency, responded promptly to the news by issuing a statement that read,
"The Club are working with the HRMC to settle this amount and matters are progressing towards an amicable and workable end. As stated previously, the Club had great difficulty releasing funds held within the assets owned by Wycombe Wanderers Trust via Frank Adams Legacy Limited, but these are now being unwound and will allow the club to operate with ample working capital." The Trust hope to raise the funds by selling off the Training Ground for Ł350,000 to an anonymous consortium of "life long Wanderers' supporters".

Meanwhile, the Club face another Transfer Embargo unless they file the Football Club accounts for the year ending 30th June 2012 by 31st March 2013. The Club were place under a temporary embargo last season, with the accounts eventually being filed in July 2012. It's estimated that the Club made a trading loss of Ł1.5m during the 2011/12 season. and are proposing the sale of the Club's Training Ground on the Marlow Road to help resolve the situation.

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