Share Transfers Agreed/Cooling off period

[JeMeSouviens]

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5 o'clock dead line has come and gone no news on payment, can we expect another winding up order tomorrow?

You can expect a petition to appear here:

http://www.edinburgh-gazette.co.uk/i...panies/start=1

I think Friday is the day to look.

Edit: actually, browsing through a few notices suggests we could be waiting a couple of weeks to see it published. Then they have 8 days from publication before it goes to court. So a wee while to go yet ...

Edit2: mind you, it went pretty quick in November, presented to the court on the 1st, advertised on the 6th:

Publication Date: Tuesday, 6 November 2012

Notice Code: 2450

Petitions to Wind Up (Companies)

HEART OF MIDLOTHIAN PLC

On 1 November 2012, a petition was presented to the Court of Session by the Advocate General for Scotland for and on behalf of the Commissioners for Her Majesty’s Revenue and Customs craving the Court inter alia to order that Heart of Midlothian Plc, Tynecastle Stadium, Gorgie Road, Edinburgh EH11 2NL (registered office) be wound up by the Court and to appoint a liquidator. Any person who intends to appear in the petition must lodge Answers with the Court of Session, 2 Parliament Square, Edinburgh within 8 days of intimation, service and advertisement.

[KB1]

http://www.accountingweb.co.uk/artic...eadline/542978

Going this! Makes interesting reading!

[Beefster]

BBC saying that they paid 'the majority' of the £100k.

http://www.bbc.co.uk/sport/0/football/22853304

I'm going to tell HSBC that I'll only be repaying 'the majority' of my mortgage and see how it goes down.

Edit: I'm about an hour behind everyone else. Apologies.

[CropleyWasGod]

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http://www.accountingweb.co.uk/artic...eadline/542978

Going this! Makes interesting reading!

For those poor souls that aren't members of that wonderful site



Hearts Football Club has been unable to pay its tax bill of £100,000 that is due today (11 June). Nick Huber reports.

The Edinburgh club has paid the majority of its tax bill but not the full amount, AccountingWEB understands.

The failure to pay the tax bill will lead to HMRC issuing the club with a winding up order. There will be a further deadline of seven days from the notice of the winding up order being made public.

Hearts face uncertainty with a debt of £25m - £10m of which is due to their parent company, UBIG, which is claiming insolvency, and £15m to Ukio Bankas, which has been officially declared bankrupt, the BBC reported.

The football club met a £450,000 tax bill in December, thanks largely to the generosity of fans.

They have negotiated a repayment plan for a separate tax bill of more than £1.5m following a dispute over loan deals for players, the first instalment of which has been paid, the BBC also reported.

Hearts avoided a potential points deduction when the Scottish Premier League ruled last month that it was not satisfied UBIG had suffered an "insolvency event" during the season just gone.

However, if any club defaults on tax then a player registration embargo is applied until such time as the matter is resolved.


TBH, it doesn't say much that hasn't already been in the public domain or on here.

[JeMeSouviens]

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BBC saying that they paid 'the majority' of the £100k.

http://www.bbc.co.uk/sport/0/football/22853304

I'm going to tell HSBC that I'll only be repaying 'the majority' of my mortgage and see how it goes down.

Since when did bills have "majorities"? So, something over £50,000.01? Assuming even Hearts wouldn't be stupid/brazen enough to dick with a Hector payment plan, we have final confirmation that they're absolutely 100%, completely and utterly even-the-dulux-has-run-out skint. Oh dear.

Payday fast approaching and no new Yams allowed to be registered until 1st July. We should have a new transfer embargo and -15 for UBIG bankruptcy by then. Oh double dear.

[Platinum Scotty]

Does the admission that they havent been able/willing to pay the full amount now mean they are prevented from registering players full stop?

if yes, surely that means Wilson cant sign on the dotted line............

(mind you why anyone would sign for them given the debacle of a club they are beats me..)

[Bleeds green]

It's payday on Monday!!!

[CropleyWasGod]

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Does the admission that they havent been able/willing to pay the full amount now mean they are prevented from registering players full stop?

if yes, surely that means Wilson cant sign on the dotted line............

(mind you why anyone would sign for them given the debacle of a club they are beats me..)

There is no admission that they haven't paid (only a "BBC understands...")

There is not even confirmation that the debt exists.

Even if the above is true, it would need an SPL decision to confirm a signing embargo. And, I think, non-payment of the next wages.

[Winston Ingram]

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The immaturity of FoH . Pathetic. These are the guys placing themselves as the only hope. They're doomed.

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It's payday on Monday!!!

It actually Sunday meaning that it'll be brought forward to the nearest working day meaning Friday

[Aldo]

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SteveHFC is the victim in all of this imagine all the GIFs he has been holding back allowing the site to run quicker.

When the yams go bust there should be a window to let him post all his GIFs.

This

[lapsedhibee]

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That is fantastic news for them. Nearly £1m per month generated from barely 4,000 fans. If you multiply that by their fan base, 400,000, that gives them a whopping £100,000,000 per year. Never mind taking the SPL by storm... World Cup stars and Champions League... Ronaldo, Rooney, Xavi and the rest must be looking at a potential move to Scotland?

#Allisbarryrightenough

An even more whopping £1.2 billion per year. Messi looms.

[Aldo]

Just pledged some more

Another half dozen pledges made totalling 750 a month

Mr P Cullier
Abby Normal
Bossa R Itchie

And so and so. Cannae stop laughing

[#FromTheCapital]

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It actually Sunday meaning that it'll be brought forward to the nearest working day meaning Friday

Or at least that's how it should work in the real world. I don't expect to hear anything about late wages until Monday or Tuesday.

[KB1]

[QUOTE=CropleyWasGod;3638222]For those poor souls that aren't members of that wonderful site


Know thy enemy!!!!!

[greenginger]

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You can expect a petition to appear here:

http://www.edinburgh-gazette.co.uk/i...panies/start=1

I think Friday is the day to look.

Edit: actually, browsing through a few notices suggests we could be waiting a couple of weeks to see it published. Then they have 8 days from publication before it goes to court. So a wee while to go yet ...

Edit2: mind you, it went pretty quick in November, presented to the court on the 1st, advertised on the 6th:

I think the notice will appear on the Companies House information page too.

I've got it bookmarked !

[green glory]

So they claim they've paid the majority of the 100k. Will There still be a winding up order as they payment isn't complete?

[poolman]

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Just pledged some more

Another half dozen pledges made totalling 750 a month

Mr P Cullier
Abby Normal
Bossa R Itchie

And so and so. Cannae stop laughing

Onya Bike has just pledged a ton each month

[Hermit Crab]

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Onya Bike has just pledged a ton each month

As did a mike hunt and A Sample

[Treadstone]

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As did a mike hunt and A Sample

And Mr R Sole.

[Phil D. Rolls]

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And Mr R Sole.

Billy Rubens claims he's good for 50 quid a month.

[blindsummit]

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And Mr R Sole.

Shortly to be joined by Shona Titt

[Hermit Crab]

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Shortly to be joined by Shona Titt

And Iona club.

[joe breezy]

I just pledged £100 a month to Foundation of Hearts

Looking forward to their phone call...

[Hermit Crab]

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I just pledged £100 a month to Foundation of Hearts

Looking forward to their phone call...

Can you see them phoning you? :D

[snooky]

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And Iona club.

I. Wright

[Fife-Hibee]

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Can you see them phoning you? :D

Is there a link to the site ? Feeling very generous :-)

[gorgie greens]

Mr G Arn***ursel just donated another £250 a month

[greengnome]

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I just pledged £100 a month to Foundation of Hearts

Looking forward to their phone call...

I'm pledging Brussel Sprout.... I hope they go doon as fast as their bold leaders submarine wi' a hole in it's erse... :fenlon GGTTH..... And GIRFUY Jamboids.........
....

[brog]

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There is no admission that they haven't paid (only a "BBC understands...")

There is not even confirmation that the debt exists.

Even if the above is true, it would need an SPL decision to confirm a signing embargo. And, I think, non-payment of the next wages.

Rule A6.24.3 states any default on a repayment plan has to be advised to the Secretary within 2 days of the default. My reading of the rule is that a signing ban is automatically triggered, don't think we'll need non payment of wages which seems a given now!

[squire]

It seems the FoH website is down

http://www.foundationofhearts.org/

:giruy: