No Prospect Of Distribution To Hereford United Creditors

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.

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.

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