The Official Receiver has confirmed that there is 'no prospect of a distribution' to creditors of Hereford United (1939) Limited.
In a letter to creditors, the assets of the club are estimated to realise just £1200.
The liabilities are estimated at £1,416,890. On top of that there is a figure of £473,008 which is 'issued and called up capital'.
Therefore the total debt is £1,889,898.
Therefore the total debt is £1,889,898.
The list of creditors contains the following figures:
HMRC £157,063
Employees £99,576
Former Directors £16,000
Leases £10,521
Trade and Expense £286,297
Other Creditors £532,646.