Macclesfield given more time to clear debts after winding up petition adjourned

Macclesfield Town
(Image credit: Dave Howarth)

A judge has given Macclesfield more time to clear their debts following a winding up bid by tax officials.

Judge Sally Barber considered an application by HM Revenue and Customs at a virtual hearing in the specialist Insolvency and Companies Court on Wednesday.

She said she would reconsider the case on September 9.

Barrister Raj Arumugam, who represented HMRC, indicated that the League Two club owed about £70,000.

He agreed to the case being adjourned until September.

“It will give the company time to know more about their income stream,” he said.

“We recognise that Covid-19 has affected business operations.”

Judges who considered Macclesfield’s case at earlier were told that the club owed a “very large” amount of tax.

At a hearing in January, Judge Mark Mullen was told that club bosses aimed to raise money by selling shares.

Thank you for reading 5 articles this month* Join now for unlimited access

Enjoy your first month for just £1 / $1 / €1

*Read 5 free articles per month without a subscription

Join now for unlimited access

Try first month for just £1 / $1 / €1