Bourne Snooker Centre in Cherry Holt Road 'wound up' after tax debts
Four weeks after being given extra breathing space by the High Court to pay off their six figure tax debt, the company behind Bourne Snooker Centre in Bourne was compulsorily wound up today (March 11) at the request of the tax man.
Bourne Snooker Centre Ltd, a private limited company with one listed director, Brian Corr, runs the centre in Cherry Holt Road, Bourne.
A month ago it was given more time to pay what it owes to HM Revenue and Customs, a debt said to be around £250,000.
But at the High Court’s Insolvency and Companies Court in London this morning HMRC's barrister told Judge Cheryl Jones that £120,000 of the petition debt was disputed and it was now seeking a compulsory winding up order.
The judge agreed and made the order. Counsel added that today was the third time the petition had been before the court.
No-one was present on behalf of the company.
At the first hearing last December the company was given more time to clarify the amount outstanding for corporation tax and to explore funding in order to pay off the remainder of the debt.
A month ago a second adjournment was granted for the company to sort out two issues. An unnamed director, who addressed the court, said the £48,000 owed in corporation tax was disputed and he added that it had secured funding for £200,000.
That amount would be available by February 25 so the tax authority could be paid in full, he added, and as a result the judge granted an adjournment until today "for settlement of undisputed balance".
The company's affairs will now effectively be handed over to an official receiver.
Their job is to try to ensure that debts are paid off by selling any assets available and then bringing business to a close.
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