Midlands Hurricanes are quietly building. They seem to have a lease on a decent stadium and their owner is also the owner of Big Red Construction. Plenty of resources there.

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 .