When it was revealed that the reason for the late publication of Shield fixtures was the Swinton winding up petition, I went to The Gazette only to find that HMRC have since September last year issued 5 winding up petitions against Swinton, all eventually dismissed.

So, question to my learned colleagues, why have Swinton not been deducted 6 points???? I can understand it for one, maybe two petitions, but 5? And a good argument for the company trading insolvently, which it is not supposed to do in company law and in RFL rules.

One issue is the lack of detail as to why the petitions were dismissed, which could shed some light on matters.

The reason will be because they have settled there winding up petition, if they hadn't they would of been put in admin and then been given a point deduction.

I think!!!!!

I think that's right Ricky.

Don't like to see threads like these, people clamouring for other teams to be deducted league points etc.
Hopefully Swinton can get their finances sorted out and don't end up in a position similar to the ones we've found ourselves in too many times over the last few seasons. I suspect selling Atkin to Hull KR has given them the cash boost they needed.

Besides, Swinton could go bust and be deducted an infinite number of league points - it still wouldn't change anything with regards to relegation so who cares?

If they get a winding up order dismissed, they've done nothing wrong as far as the competition goes. We got deducted points for going into admin, not for having Winding Up Orders/Petitions against us. Jesus, if we'd have been deducted for every one of those too, we'd be on about -106 points now.

The question is about 5 yes FIVE winding up petitions since September 2016, one every two months average, so thanks for the comments so far, but none address the question.

Correction: 6 yes SIX winding up petitions. Dates:
19th August 16
18th October 16
19th December 16
22nd February 17
3rd May 17
7th July 17

These are all dismissed, not deferred or postponed, so as far as I can see are not the one petition presented six times, but six separate ones. Or can anybody advise differently, that its one and the same insolvency event, and therefore fully understandable.

It will be interesting to see if they get last years accounts to CH in time, due at the end of this month. The Confirmation Statement (annual return to most of us) appears to have been late as there was a striking off notice from CH in The Gazette followed quickly by receipt of the CS. That's in March this year.

looking at the previous figures for 2014 and 2015, they lose money every year which is offset by share issues, but no issues in 2016/17 hence this years would be interesting to see. However, Intangible Assets (my alternative name for this balance sheet line is The Biggest Opportunity for Window Dressing your Accounts) have increased each year, keeping the balance sheet positive rather than negative (negative would mean that their losses exceed share capital).

Any body got any idea as to what Intangible Assets the Swinton Lions could have that are worth £100,000 at cost, possibly more when we get 2016 accounts let alone 2017? You would think there was something, with Alan Marshall being an accountant and the Trust's representative on the board of directors, wouldn't you?

See some sad stuff on here over the last few years but for a Bulls fan to clutch at such low straws is the worst. When any club get's in difficulty it's sad and if they get winding up orders and sort them we should celebrate that.

It's almost like a final reminder on a household bill martinwildbull there is no limit to the number you get as long as they are paid. Bull couldn't so RFL had to punish you. Sad truth and I think in every case the previous owners didn't get a "Clean" set of accurate accounts and massively underestimated the investment required and ran out of investable capital so just couldn't find the money to fight winding up orders.

In a way the only logic I can see this year from an outside point of view is that the owners are trying to baseline the running cost so the can create a working model to take you forward.

Must as the fans are hurt the owners could have been brought in a few players to get a few more wins, so again all I can see is them trying to limit losses so with full RL money and no points deduction they can start moving upward once more.

I think if they did go tits then it would likely mean one less team being relegated as otherwise the numbers wouldn't add up.

Hopefully Swinton somehow manage to sort it out. I wouldn't wish any of what we've had on my worst enemy and above all you feel sorry for the fans.

substitute "reason for petitions" for insolvency event, Nothus. So was it one reason behind all six. for example a historic tax bill of £100K which they have defended six times, or they couldn't afford the PAYE for six months out of ten, or something else?

Any thoughts on the balance sheets, Nothus? My view is technically insolvent in 2015 if you ignore the intangible assets, with the business owing twice as much as it had in cash or was owed. Do you know anything about the intangible assets? I just cannot figure out anything that the company could own that would justify being capitalised.

And just say you don't know the answers, Nothus, that is enough, I am after better information that may shed light on the issue.

Why? Does it really matter?

When Hood made a mess I did an analysis of 10 years the Bulls Stat accounts and other Bradford data such as economic, and demographic, and concluded that we will never ever get back to those golden days, without a sugar daddy. So all the subsequent events have come as no surprise to me. The majority view on this site, and mine as well, is that we should have been in C1 this year, so yes its a bit annoying, but after a years delay we will be in the place where we can genuinely start to get both team stability and financial stability. I also believe that if chalo proceed as they have hinted, a core of home grown and a selection of experienced players and a reserves side in which they can develop, then that will bring us success in a few years, success meaning a team playing good rugby and winning more than losing. Halifax reserves beat Saints reserves, Fax are in the 8s so it clearly works for them. Have a look at the BBC article on how Monaco with attendances of 9000 a game could win the league.

I see what you are getting at, but a winding up petition is more we are going to have your house; if you are in a place where a winding up petition is being treated as the time to pay then you should not be trading.

So many questions, and nobody with any informative answers to push the analysis along. Anybody?

This statement from Swinton might help www.swintonlionsrlfc.com/news/356

This statement from Swinton might help www.swintonlionsrlfc.com/news/356