Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

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Lower West
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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by Lower West » 21 Sep 2024 13:13

Forbury Lion
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WestYorksRoyal I wonder what the situation with the financial statements are. If you take too long, you get a letter from the government threatening legal action against the directors.


Doesn't seem to have been asked by anyone at the press conf.

You have 9 months to file your accounts from the date of your financial year end, For most football clubs that's end of June.
Most clubs take as long as possible.


The ultimate sanction is that the company gets struck off and the assets seized by the Crown.

Concern must be that the club continues to get run down to a level where it can operate at a financially sustainable level. Until there's a long term solution found.

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by Sutekh » 21 Sep 2024 13:53

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Doesn't seem to have been asked by anyone at the press conf.

You have 9 months to file your accounts from the date of your financial year end, For most football clubs that's end of June.
Most clubs take as long as possible.


The ultimate sanction is that the company gets struck off and the assets seized by the Crown.

Concern must be that the club continues to get run down to a level where it can operate at a financially sustainable level. Until there's a long term solution found.


What would the crown do with a Harvey Knibbs?

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by Forbury Lion » 23 Sep 2024 12:06

Sutekh
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Forbury Lion You have 9 months to file your accounts from the date of your financial year end, For most football clubs that's end of June.
Most clubs take as long as possible.


The ultimate sanction is that the company gets struck off and the assets seized by the Crown.

Concern must be that the club continues to get run down to a level where it can operate at a financially sustainable level. Until there's a long term solution found.


What would the crown do with a Harvey Knibbs?

Court Jester?

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by RG30 » 07 Oct 2024 16:06

New embargo - https://www.efl.com/governance/embargoes/

Reading FC - Regulation 16.7.4 Submission of Annual Accounts

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by Clyde1998 » 07 Oct 2024 16:12

RG30 New embargo - https://www.efl.com/governance/embargoes/

Reading FC - Regulation 16.7.4 Submission of Annual Accounts

Surprised the EFL have taken as long as they have to flag that.


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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by Snowflake Royal » 07 Oct 2024 18:07

Clyde1998
RG30 New embargo - https://www.efl.com/governance/embargoes/

Reading FC - Regulation 16.7.4 Submission of Annual Accounts

Surprised the EFL have taken as long as they have to flag that.

It had been in place, Dai lied about the Couhig deal and used the sale of Azeez to get it lifted on TDD. Since then, there hasn't really been urgency to put it back on officially.

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by Sutekh » 07 Oct 2024 21:14

Wow, club already under embargo gets put under an embargo until accounts get posted, so what's the difference?

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by Biscuit goalie » 07 Oct 2024 22:16

They are waiting for the man shitay accounts to be sorted then they can lift or increase ours according to how shitay get on :roll:

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Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

by Crusader Royal » 07 Nov 2024 13:50

Biscuit goalie They are waiting for the man shitay accounts to be sorted then they can lift or increase ours according to how shitay get on :roll:


If anyone can figure what this is about please don’t explain….


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