Winding Up Petitions

[The Big Dady]

Southend United runs like clockwork
​

 

[wildheart]

That comes at a good time and should help attract a good future manager.

An absolute joke. RM showing what a clever business man he is.
This season has disaster written all over it and we are half way through September. Fed up to the back teeth with it already.

 

[Yorkshire Blue]

So we would have received circa:

1 million + on season card sales
1.7 million from the league and tv rights
About 200k from sponsorship
About 500k from the sale of Dru

How are not able to pay out bills. We hardly signed world beaters and got the likes of kightly and Turner of the wage bill.

FWIW we almost certainly had to pay to get Kightly off the wage bill. That probably doesn't become a saving until later in the season.

It's unlikely that we'll have received the Dru or league and TV rights money up front.
I believe season card sales have already been borrowed against - to pay for the likes of Kightly and Turner and Anton Ferdinand's wages - and will be going to out creditors.

 

[Brian Meyers]

Well I’m shocked that Dru only went for 500k. He should have been worth more than that.

Ron calls himself a business man but all he does is shift his companies money about . Truth be told he’s probably skint or he is looking after his pension pot.

We need a New Chairman who’s heart is in football
We need a New Chairman who is honest and trustworthy.
Then we may get a Manager who can motivate the players and pay them.

I’m not buying a Season ticket this season .... I’ve been a loyal fan for 60 years since I was a boy and never have I been so disappointed.

 

[Spaceman Spiff]

Well I’m shocked that Dru only went for 500k. He should have been worth more than that.

Ron calls himself a business man but all he does is shift his companies money about . Truth be told he’s probably skint or he is looking after his pension pot.

We need a New Chairman who’s heart is in football
We need a New Chairman who is honest and trustworthy.
Then we may get a Manager who can motivate the players and pay them.

I’m not buying a Season ticket this season .... I’ve been a loyal fan for 60 years since I was a boy and never have I been so disappointed.

Blimey. It may not be on point at the moment, as far as the plan is concerned, but you’ve never been more disappointed in the last 60 years?! Where were you for that turgid 3-0 home defeat to Halifax for a start?

 

[BriggBlue]

Well I’m shocked that Dru only went for 500k. He should have been worth more than that.

Ron calls himself a business man but all he does is shift his companies money about . Truth be told he’s probably skint or he is looking after his pension pot.

We need a New Chairman who’s heart is in football
We need a New Chairman who is honest and trustworthy.
Then we may get a Manager who can motivate the players and pay them.

I’m not buying a Season ticket this season .... I’ve been a loyal fan for 60 years since I was a boy and never have I been so disappointed.

500K for Dru is good business based on last season, as for replacing Ron who do you have in mind that is willing to write off at least £20,000,000 to keep us in the same state we are now let alone spending more to improve?

 

[Ex-Member1]

Unfortunately what is happening now is nothing new. A few decent seasons is always followed by a disastrous one, this is what we do. It is painful, everyone is hurting but it is inevitable. Suffer the pain, it will go away and we will enjoy life again. I am grateful that our beloved team is still alive. COYBB

 

[blues exile]

According to info from Companies House, Geoffrey King's appointment as a director was terminated on 18th September. Any conclusions, guesses or forecasts re the significance of this?

 

[Spaceman Spiff]

Terminated sounds a bit pejorative doesn’t it but it might just be the word companies house always use when a directorship ends. He might have retired or anything. To be honest I didn’t think he was still at the club anyway

 

[blues exile]

Terminated sounds a bit pejorative doesn’t it but it might just be the word companies house always use when a directorship ends. He might have retired or anything. To be honest I didn’t think he was still at the club anyway

Yes, I think he resigned and thus his drectorship was terminated is probably the situation. Do any of the other board members actually play an active role I wonder?

 

[Spaceman Spiff]

Yes, I think he resigned and thus his drectorship was terminated is probably the situation. Do any of the other board members actually play an active role I wonder?

The others have been there for as long as I can remember, very quietly in the background. I guess they and Ron feel they work well together, whatever that involves. I don’t think they have active roles other than effectively being sounding boards at board meetings, but with Ron ultimately making the decisions.

 

[rigsby]

FWIW we almost certainly had to pay to get Kightly off the wage bill. That probably doesn't become a saving until later in the season.

It's unlikely that we'll have received the Dru or league and TV rights money up front.
I believe season card sales have already been borrowed against - to pay for the likes of Kightly and Turner and Anton Ferdinand's wages - and will be going to out creditors.

How does that work then?....Do will still have to pay them after the contracts are finished?

 

[Yorkshire Blue]

How does that work then?....Do will still have to pay them after the contracts are finished?

My understanding is that we've borrowed against future income.

 

[Seasick Steve]

My understanding is that we've borrowed against future income.

All lending relies on future income for repayment. The risk lies in how certain that future income is, and whether something is likely to happen in the meantime which prevents repayment happening. In the case of SUFC most lenders would take a VERY cautious approach and would be unlikely to advance a penny unless there was a strong secondary source of repayment (e.g. tangible security),

 

[The Big Dady]

So has Ron paid up or is The Southend United Football Club Ltd back in court at 10.30am tomorrow Wednesday 16th October 2019 for the latest Inland Revenue Winding Up Petition?

Link

Perhaps we will find out at the planned press conference on Thursday.

 

[The Big Dady]

The Winding Up Petition of The Southend United Football Club Ltd is scheduled to be heard not before 11.00.am in Court No.1 before Insolvency and Companies Court Judge Mullen.

It is Case No.107. CR-2019-005921 which is the last case on the list

Note: also facing Winding Up Petitions are:-

Case No. 77 CR-2019-005820 Ebbsfleet United Football Club Limited
Case No. 87 CR-2019-005844 Bury Football Club Company Limited (The)

Companies Court Winding Up List

Cause list Wednesday, 16 October 2019

Rolls Buildings
Court 1
Before INSOLVENCY AND COMPANIES COURT JUDGE MULLEN

Wednesday 16 October 2019
Robed
At 10:30 AM​

1. CR-2018-010435 F&R GAS LTD
2. CR-2019-002261 SAFFRON VENTURES LTD
3. CR-2019-002769 BEECHBROOK LTD.
4. CR-2019-002828 CANDUNS BUILDING COMPANY LIMITED
5. CR-2019-003102 KEY ELECTRICAL SOLUTIONS LIMITED
6. CR-2019-003173 ACQUISITION 395445638 LIMITED
7. CR-2019-003282 VOLTECK LIMITED
8. CR-2019-003690 Rentarena Limited
9. CR-2019-003935 CIRCLE ASSET MANAGEMENT LIMITED
10. CR-2019-004335 CENTRE FOR ADVANCED STUDIES LIMITED
11. CR-2019-004390 Blue Seal Security Solutions Ltd
12. CR-2019-004416 BEESLEY & COMPANY LIMITED
13. CR-2019-004421 CHOICE DISTRIBUTION LTD
14. CR-2019-004457 NEW CODE PARTNERSHIP LTD
15. CR-2019-004508 RT FARM & INDUSTRIAL BUILDINGS LIMITED
16. CR-2019-004511 MCDERMOTT DRYLINING & PLASTERING LIMITED
17. CR-2019-004536 BETTER TOGETHER RESOURCE MANAGEMENT LIMITED
18. CR-2019-004549 FRASER WATER SERVICES LTD
19. CR-2019-004573 VAPOURSRUS LTD
20. CR-2019-004577 Z & W MANAGEMENT COMPANY LIMITED
21. CR-2019-004717 NEWVILLE CONSTRUCTION LIMITED
22. CR-2019-004752 Signature Shankly Limited
23. CR-2019-004865 BAROL LIMITED
24. CR-2019-005046 Darwen Asset Management Limited
25. CR-2019-005099 PARAGON PAYROLL LIMITED
26. CR-2019-005102 Venturescape 360 Limited
27. CR-2019-005106 Signature Living Coal Exchange Limited
28. CR-2019-005119 JMS RETAIL CONCEPTS LIMITED
29. CR-2019-005149 Temporary Power Solutions Limited
30. CR-2019-005160 MOBILINE LTD
31. CR-2019-005222 WALL CLUB
32. CR-2019-005226 LGT Advanced Technology Limited
33. CR-2019-005257 GLANCESTYLE HOLDINGS LIMITED
34. CR-2019-005395 Hull Accommodation Ltd
35. CR-2019-005464 ST ANTHONY'S BREAD LIMITED
36. CR-2019-005566 NEW LONDON GIFTS LTD
37. CR-2019-005568 Change Resourcing Ltd
38. CR-2019-005665 V & C Property Management Ltd
39. CR-2019-005674 Marc Sharpe Ltd
40. CR-2019-005682 Chilli Pickle Limited
41. CR-2019-005691 London Marketing Clinic Ltd
42. CR-2019-005725 Ruddington Manor Limited
43. CR-2019-005726 Pratt & Chesterton Electrical Limited
44. CR-2019-005757 Blackbourne Limited
45. CR-2019-005759 LEMAR TRADING LIMITED
46. CR-2019-005760 FREEHOUSE TRADING LTD
47. CR-2019-005761 AMPERSAND COMMERCE LIMITED
48. CR-2019-005762 Eden Projects Group Limited
49. CR-2019-005764 STANSTEAD NETWORKS LTD
50. CR-2019-005765 SHARMIN RESTAURANTS LIMITED
51. CR-2019-005767 AFS BD LIMITED
52. CR-2019-005768 K R FLEET SUPPORT LIMITED
53. CR-2019-005769 JLM EUROPEAN LTD
54. CR-2019-005771 RAWAL SURVEYING LIMITED
55. CR-2019-005772 THE INSIGNIA BLIND CO. LIMITED
56. CR-2019-005773 JOB LINK RECRUITMENT LIMITED
57. CR-2019-005774 SPY CLOTHING TRADING LTD
58. CR-2019-005776 PARK GREEN CONSTRUCTION LIMITED
59. CR-2019-005778 IMPACT ENERGY LIMITED
60. CR-2019-005780 GREEN KITE UK LTD
61. CR-2019-005781 Taylors Building Service Limited
62. CR-2019-005782 Changes Bar Ltd
63. CR-2019-005784 LOXFORD COMPLEX LIMITED
64. CR-2019-005786 GRAPHENE LIMITED
65. CR-2019-005788 WILSON LEISURE DEVELOPMENTS LIMITED
66. CR-2019-005789 LEAN LOGISTICS LIMITED
67. CR-2019-005796 THE WHITE STAR MAINTENANCE CO LTD
68. CR-2019-005797 GOODCARE PERSONNEL LTD
69. CR-2019-005798 SBH DERBY LTD
70. CR-2019-005799 K'NEX UK LIMITED

Not before 11:00 AM​

71. CR-2019-005800 CREATIVE CONCEPTS S.E. LTD
72. CR-2019-005808 Castelite Limited
73. CR-2019-005812 ONE VISION LONDON LIMITED
74. CR-2019-005816 FRANCAS BUILDING LTD
75. CR-2019-005817 THE CEDAR RESTAURANT AND BAR LIMITED
76. CR-2019-005819 ATP CO 1 LIMITED
77. CR-2019-005820 EBBSFLEET UNITED FOOTBALL CLUB LIMITED
78. CR-2019-005821 DATAPHRAME LTD
79. CR-2019-005822 INTERFORCE LEISURE LIMITED
80. CR-2019-005823 STONE BRIDGE UNITED LTD
81. CR-2019-005824 GO PAY CARE LTD
82. CR-2019-005826 Pic-a-Chic Limited
83. CR-2019-005828 GETRONICS SERVICES UK LIMITED
84. CR-2019-005830 WW SERVICING LTD
85. CR-2019-005832 Grosvenor Parade Limited
86. CR-2019-005837 DRY CLEANING BUSINESS LTD
87. CR-2019-005844 BURY FOOTBALL CLUB COMPANY LIMITED(THE)
88. CR-2019-005845 FRAZER JOHN RECRUITMENT (MANCHESTER) LIMITED
89. CR-2019-005847 DYNAMIC ASSISTANCE LIMITED
90. CR-2019-005848 FRAZER JOHN RECRUITMENT (LONDON) LIMITED
91. CR-2019-005850 FRAZER JOHN RECRUITMENT LIMITED
92. CR-2019-005853 Arkbe Limited
93. CR-2019-005862 Gifts Spot Ltd
94. CR-2019-005863 Duggan Leisure Limited
95. CR-2019-005864 Burlington Renovations Limited
96. CR-2019-005867 Bloomsbury Bar and Grill London Ltd
97. CR-2019-005873 ARROW COURIER SERVICES LTD
98. CR-2019-005874 MARKGILBERTSON.CO.UK LIMITED
99. CR-2019-005877 ATP (CRESCENT GARDENS) LIMITED
100. CR-2019-005878 FLOW FURTHER LIMITED
101. CR-2019-005881 HUMAN RESOURCE VENTURES LIMITED
102. CR-2019-005882 EVERLAST HOME IMPROVEMENTS LTD
103. CR-2019-005883 AVAILABLE ADMINISTRATION LIMITED
104. CR-2019-005886 CLEARTONE COMMUNICATIONS LIMITED
105. CR-2019-005887 VFM DEALS LIMITED
106. CR-2019-005890 VIKING DIGITAL ECIT LIMITED
107. CR-2019-005921 THE SOUTHEND UNITED FOOTBALL CLUB LIMITED

Court List Link

 

[Blueronron]

Even bottom of the Court order listing, thought we could not get any lower

 

[londonblue]

Even bottom of the Court order listing, thought we could not get any lower

Indeed. We're below Bury and even Ebbsfleet. Could this season get any worse?

 

[Rob1920]

So does this mean we havent actually paid off all our debts after all, or is it just on the court list to be rubber stamped as 'paid'?

I obviously have no idea how all this works..

 

[londonblue]

Bury Survive for 14 Days

They've already got as far as Bury. Not long now!