KETTERING Town Football Club have officially avoided being wound up after its tax debt was paid in full.
Registrar Peter Nicholls formally dismissed moves by Her Majesty’s Revenue and Customs to wind up the football club at the High Court in London yesterday after Kettering Town FC Management Ltd cleared its debts.
A High Court spokesman said: “The result was it was dismissed.”
The Evening Telegraph reported on Thursday that businessman George Rolls, who is running the Poppies ahead of a full takeover, said the full amount owed had been paid off but the case was officially dismissed yesterday.
Mr Rolls arrived at the club to take over from chairman Imraan Ladak and found it had debts of more than £400,000.
Had the company failed to clear its debts without good excuse, it would have been wound up, and its affairs effectively handed over to an Official Receiver, whose job would then have been to ensure that debts were paid off by selling any assets available and then bringing business to a close.
Despite the boost, Mr Rolls said the club, which is looking for a new permanent manager, was effectively relegated on Saturday after losing 3-1 to Stockport County at Nene Park.