Another Winding up order. Today's echo

[Fish]

Does anybody know if they will be looking for June's money tomorrow on top of the 200k for April/May?

Hang on I thought there was only one domestic chores lady involved in this? And if she's paid £200K a month, why the hell is she complaining about supplying 'extra services' every now and again?

And why do Ron's knees hurt, surely she should be on hers?

www.confused.com

 

[jerseyshrimper]

Anyone heard what happened about the money Ron says the tax man owed us?

What Ron Says i would take that with a pinch of salt. customs and revenue do not make that many mistakes especially where Ron Martin is involved

 

[Beefy]

Exactly. Ron's said how quick off the mark they are with issuing proceedings against us. No wonder with the way they're having a lot of dealings with his companies - that and they seem to want to send out a strong message to the football industry generally now. Let's just hope they don't want to make an example of the company that coincides with being (a) the most high profile of Ron's companies and (b) a football club.

Sorry to break the feel good factor, but as long as we keep having these hearings, we're not out of the woods by a long way.

On the other hand at least it's keeping us honest. It's impossible for us to run up a significant tax debt with HMRC constantly using this tactic.

 

[Beefy]

If it gets in the courtroom, I would imagine that will be insignificant, if we get in I don't think we are coming out alive !
If we pay it off beforehand it will only be April / May
If we don't pay and ,by some absolute freak, get an Adjournment then by the time of the next hearing the June money will be overdue and I guess that the June numbers will be added to the debt as part of the figure to be paid in 30 days.

Yep. Tomorrow is really key. Ron seems confident but if he's sending our solicitors there with the intention of banking a short adjournment then it's not out of the question at all that we'll get put into Administration and that the whole house of cards will fall down. If that happens then tomorrow will be a very eventful day around here.

 

[Shrimpers are Magic]

I've had a gutfull of all this. I'm not logging on for at least another week in regards to Southend United. Someone wake me up when it's all over.

 

[Hotman]

Does anybody know if they will be looking for June's money tomorrow on top of the 200k for April/May?

No, it's not legally due until the 19th July.

 

[Thorpe Groyney]

For the record, the artcle in full (Jon Austin, Echo, Wed 7 July 2010)


Blues chairman Ron Martin's main UK business owes the taxman more than £96,000, it has been revealed.

Martin Dawn, a property development company, is facing a winding up petition from Revenue and Customs.

It means even if Southend United avoid being placed into temporary administration over a £200,000 unpaid PAYE bill at the High Court on Thursday, Mr. Martin faces yet another tax showdon in November.

Martin Dawn is pivotal to the Blues as it is the parent company of South Eastern Leisure UK, which owns 76% of the shares in Southend United.

An Echo special investigation last week revealed a wind up petition had been filed against Martin Dawn, but neither Revenue and Customs nor Mr. Martin would disclose the amount of unpaid tax involved in the case.

However, yesterday at the Registrar Court, Mr. Registrar Nicholls agreed to an application by the Echo to inspect the petition on the grounds of public interest.

The document filed last July states: "The company is indebted to your petitioner in the sum of £96,367. Notwithstanding such application, the company has failed and neglected to pay or satisfy the said sum or any part thereof. The company is unable to pay its debts.

"In these circumstances, it is just and equitable the company be wound up."

The alleged tax debts relate to shortfalls in national insurance and PAYE and interest for its six employees since financial year 2000/01.

More than £15,000 of it stems from 2009/10.

It is understood Martin Dawn, set up in 1983 as Martin Homes (Essex), will be contesting the amount of money claimed to be owed.

The company has successfully defended six previous winding up petitions since 1999 when the taxman made a previous bid to close down the firm.

The most recent petition is only the second from Revenue and Customs, all the others have been from private companies or individuals.

 

[Cricko]

Very odd that they are taking him to court in November....why the time delay?

 

[Hotman]

Because the court can only hold so many hearings for his companies each day.

 

[BoyWonder2]

If it gets in the courtroom, I would imagine that will be insignificant, if we get in I don't think we are coming out alive !
If we pay it off beforehand it will only be April / May
If we don't pay and ,by some absolute freak, get an Adjournment then by the time of the next hearing the June money will be overdue and I guess that the June numbers will be added to the debt as part of the figure to be paid in 30 days.

Didn't RM say this particular tax bill would be paid off before we even got to court?

Even if thats the case, would we still have to attend tomorrow for it all to be rubber stamped?

 

[Beefy]

Didn't RM say this particular tax bill would be paid off before we even got to court?

If that was the case then I don't see why HMRC would have changed to an Administration petition the other day. Unless the cash is literally coming in tomorrow.

My guess is that we'll be going there tomorrow showing proof that we've got money coming in in the next couple of weeks to get the Club back on it's feet.

 

[BrettieAngell]

Didn't RM say this particular tax bill would be paid off before we even got to court?

Even if thats the case, would we still have to attend tomorrow for it all to be rubber stamped?

I'm pretty sure he said that before the other court case's aswell and we were left hanging on 'til the last second!

 

[THE SEVENTIES NORTH BANK]

Didn't RM say this particular tax bill would be paid off before we even got to court?

Even if thats the case, would we still have to attend tomorrow for it all to be rubber stamped?

What he says, and what he does are completely different. He likes to leave these things to the last second. Leave us sweating sort of thing.

 

[Hooly]

My guess is that we'll be going there tomorrow showing proof that we've got money coming in in the next couple of weeks to get the Club back on it's feet.

But showing proof won't release us from the winding up petition, simply extend it & thereby prolong the transfer embargo.

Also showing proof won't enable us to pay the PFA, simply delaying settlement & thereby prolonging the transfer embargo.

Plus showing proof won't enable us to settle any other rumoured (edited : now confirmed by the PFA) football debts, thereby prolonging the transfer embargo.

And showing proof now, with payment in 2 weeks will mean we are probably then behind with June's payment thereby incurring another embargo.

All this is without employing the new management team & finding 10-12 players at a minimum, presumably before we have to prove to the Football League that we can justify the Golden Share.

The Registrar accused us of being a serial non payer last time. How long before it's "Southend United FC, your Chairman has pleaded guilty to the charges brought by this court, but blamed Uncle Tom Cobbley, that t*sser Tilson, Peter Clarke, Adam Barrett, the bloke who stole the Eastwood money, Essex Police, the Samaritans etc etc & all, and it is now my duty to pass sentence. You are an habitual defaulter, who accepts winding up petitions as an occupational hazard and presumably accepts administration or liquidation in the same casual manner. We therefore feel constrained to commit you to the maximum term allowed for these offences — you will go to Heybridge Swifts for five years."

Unless he finds that cash down the back of the sofa again by tomorrow I don't see where we go from here.

 

[Beefy]

I'm not disagreeing with you Hooly. We'll find out tomorrow.

 

[McNasty]

Anyone know Martin's whereabouts ?

 

[Hooly]

Yea, I know mate. You're not one of the followers of L Ron Martin or a member of his Church of Lientology.

I'm concerned, probably like you, that another Ron-stylee "I really have sort've'ish got the money somewhere but I can't actually show it to you" statement will just prolong the pain with the Court, PFA & League so based on that I simply don't see how we can be ready to start the season without some miraculous happening.