Wednesday, February 11, 2004

No change in CVA position

The latest Hereford United CVA account for the year to January 20th 2004 has just been released. As expected, it shows that no action has been taken by the club in the last twelve months to pay back any more of the debt.

The account shows that payments made since the CVA was started amount to £326,529 and eleven pence.

So far the club has paid its unsecured creditors 40p in the £ and settled all preferential claims.

It is believed that the amount still owing to settle the CVA in full is in excess of £130,000. There would be supervisors' fees on top of this.

These figures has not been confirmed by the club.