Breaking: Prestatyn in HMRC winding up order
An EGM was held tonight at Prestatyn Town Football Club to announce they have received a winding up order by HMRC for the sum of £53,000.
HMRC have given the Seasiders until November 24th to pay the sum although the board believe this to be an incorrect figure as the documents are said to show the same tax figures for 2014 and 2015 despite the club reducing the wage bill.
Chairman Chris Tipping has revealed there are three willing investors and this problem has been ongoing for a number of years, he also said the club have no other debt and all players and staff have been paid in full and are fully committed to helping the club. Papers revealed at the meeting show Prestatyn losing £120,000 per year but are now breaking even.
Despite the board down playing the figures and giving a reassurance that this situation can be sorted out Mr Tipping made it clear that HMRC are not willing to accept a payment plan and also if the money owing to HMRC is not paid in full by November 24th then there will be no club.
Tipping told the meeting that several directors have invested money into the club to keep Prestatyn going and he also said “We have had the rug pulled from under our feet.”
Mr Tipping went on to say that the club will not be fighting HMRC in the High Court as the club do not have enough money to pay for the costs in persuing a matter like this.
Money for the future has been promised to them along with a new 3g pitch but it is now that Prestatyn are in need of cash. Money has already been raised and a ‘fighting fund’ will be set up to get local business’s and people involved to help with finding the money. Tipping is however confident they will generate what money is needed to stathe off the tax man as after just three days they have collected over half the money they need.
Fans have asked for the assistance of MP James Davies and have also been given the task of overseeing the fund that has been set up.
Another meeting has been set up for next Tuesday at 19.30 to discuss matters further.