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Archived News from October 2012

SFU CLARIFICATION ON WINDING-UP ORDER
18th October 2012 14:12


12 Oct 2012

In relation to the winding-up order, a copy of which is pasted below, Darren Shaw, fans director of MTFC, from Stags Fans United, explains:

The winding up petition relates to Andy Perry trying to recover the £85,000 loan he made to the football club together with interest (around £92,000 in total). Andy Perry transferred the loan to his father, Derek Perry, who in turn transferred the loan to Minotaur Asset Finance Limited as consideration for ACP Electrical Solutions Limited buying the business of Parkinsons Electrical Ltd.

Minotaur Asset Finance Limited have agreed to try and obtain repayment of Andy Perry's loan to the football club. 50% of any sums collected over £20,000 (after reasonable costs) have to be paid by Minotaur to Derek Perry. The matter is being dealt with by the club's solicitors.

It must be made clear that none of the other former directors have asked for repayment of their loans.

For more information from Stags Fans United, visit the SFU website.

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http://www.london-gazette.co.uk/issues/60295/pages/19604

In the High Court of Justice
Companies Court No 6771 of 2012
In the Matter of MANSFIELD TOWN FOOTBALL CLUB
(Company Number 00181839)
and in the Matter of the Insolvency Act 1986
A Petition to wind up the above-named Company of Field Mill
Ground, Quarry Lane, Mansfield, Nottinghamshire, NG18 5DA,
presented on 29 August 2012 by Minotaur Asset Finance Limited, of
Speedwell Mill Old Coach Road Tansley Matlock DE4 5FY, claiming
to be a Creditor of the Company will be heard at Companies Court,
The Rolls Building, 7 Rolls Building, Fetter Lane, London, EC4A
1NL on 15 October 2012 at 10.30 am (or as soon thereafter as the
Petition can be heard).
Any person intending to appear on the hearing of the Petition (whether
to support or oppose it) must give notice of intention to do so to the
Petitioner or its Solicitor in accordance with Rule 4.16 by 1600 hours
on 12 October 2012.
The Petitioner's Solicitor is Wilkin Chapman LLP, PO Box 16, Town
Hall Square, Grimsby, North East Lincolnshire DN31 1HE, telephone
01472 265982, f a x 01472 2 4 0 0 9 8 , e m a i l
pbowden@wilkinchapmangrange.co.uk. (Ref DEBT/PB/1015110/1.)
9 October 2012. (1687356)

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Mansfield Town winding up petition case is adjourned for trial
chad.co.uk, Monday 15 October 2012

Mansfield Town have today won breathing space from moves to have it wound up at London's High Court.

http://www.chad.co.uk/sport/football/mansfield-town-fc/mansfield-town-winding-up-petition-case-is-adjourned-for-trial-1-5025460

Registrar Jones adjourned the winding up petition issued by Minotaur Assets Finance Ltd, a Matlock-based company, after lawyers for the club told him that the debt is “disputed.”

The judge adjourned the case to allow each side to produce evidence and a pre-trial hearing has been scheduled for seven weeks time.

Had the club been compulsorily wound up today, this would have effectively handed its affairs to an Official Receiver.

His job would then have been to do his best to ensure that debts were paid off by selling any assets available and then bringing business to a close.

The club were served with a winding-up petition relating to a loan made to the club by former joint owner Andy Perry.

Andy Perry - together with Steve Middleton and Andy Saunders - bought the football club from Keith Haslam in 2008 with each of the three directors injecting money into the club.

It has been revealed that legal efforts are being made to recover that loan, £85,000, plus interest. None of the other former directors have asked for repayment of their loans

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Mansfield Town served with winding up petition over former director Andy Perry's £85,000 loan
chad.co.uk, By Tim Morriss, Saturday 13 October 2012

MANSFIELD Town FC have been served with a winding-up petition relating to a loan made to the club by former joint owner Andy Perry.

http://www.chad.co.uk/news/local/mansfield-town-served-with-winding-up-petition-over-former-director-andy-perry-s-85-000-loan-1-5023015

Andy Perry - together with Steve Middleton and Andy Saunders - bought the football club from Keith Haslam in 2008 with each of the three directors injecting money into the club.

It has been revealed that legal efforts are being made to recover that loan, £85,000, plus interest. None of the other former directors have asked for repayment of their loans.

The petition has been made by Tansley company Minotaur Asset Finance Limited.

Darren Shaw, fans director of MTFC, from Stags Fans United, said: “The winding up petition relates to Andy Perry trying to recover the £85,000 loan he made to the football club together with interest (around £92,000 in total).

“Andy Perry transferred the loan to his father, Derek Perry, who in turn transferred the loan to Minotaur Asset Finance Limited as consideration for ACP Electrical Solutions Limited buying the business of Parkinsons Electrical Ltd.

“Minotaur Asset Finance Limited have agreed to try and obtain repayment of Andy Perry's loan to the football club. 50% of any sums collected over £20,000 (after reasonable costs) have to be paid by Minotaur to Derek Perry.”

The winding-up petition, presented at the end of August, is expected to be heard in the High Court of Justice Companies Court on Monday.

A Stags spokesman said that the club's solicitors are dealing with the matter. Current Stags owner John Radford has not commented.

Perry resigned as chairman of the Stags in July 2010, saying: “As one door closes, another one opens, but my decision to leave will not stop the growth of the club.

“I thank the directors for their hard work and most importantly I would like to thank the fans - the heartbeat of the club. I cannot praise them highly enough.

“This club still requires the backing of the whole Town.”

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Winding-up order issued against Mansfield Town
Saturday, October 13, 2012 Nottingham Post

A WINDING-up petition has been issued against Mansfield Town.

http://www.thisisnottingham.co.uk/story-17079758-detail/story.html

It has been presented by Minotaur Asset Finance Limited, the Matlock-based company who have agreed to try and obtain repayment of Andrew Perry's loan to the football club.

Perry is a former chairman and the case will be heard at Companies Court in London on Monday.

It is understood Mansfield Town are not concerned by the order, which looks to recoup a near six-figure sum, with multi-millionaire owner John Radford passing it onto the club's lawyers.

A statement from Mansfield Town, who host Forest Green in the Blue Square Bet Premier today, said: "The petition relates to Andy Perry, a former chairman of the club, trying to recover the £85,000 loan he made to the football club together with interest (around £92,000 in total). The matter is being dealt with by the club's solicitors."

Solicitors acting on behalf of Minotaur, Wilkin Chapman, refused to elaborate any further

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