A REPORT issued by Wanderers’ administrators has revealed an eyewatering £25million in company creditors.
The document, seen by The Bolton News, is a statutory requirement after eight weeks in administration and lists 294 different secured and non-secured creditors, including a whopping £10,050,000 owed to the Fildraw Trust, who manage the affairs of late owner Eddie Davies.
Outgoing owner Ken Anderson is owed £1,578,042 as a secured creditor and a further £180,000 unsecured, and the club has run up a debt to former vice chairman Brett Warburton of £3,064,213.
Wanderers owe £2,747,122 to football creditors, including players and coaching staff.
Although it is too early to give an exact figure, administrators are currently forecasting a return of 35 pence in the pound to unsecured creditors.
In that scenario, Bolton Council will see only £612,053 for the £1,748,724 they are owed in business rates and other services.
HMRC would also receive less than £1m of the near £2.5m owed in tax and VAT.
Yu Energy, who have supplied gas and electricity to the stadium and training ground, are owed more than £521,000. Another £85,391 is owed to water company United Utilities.
Several football agencies are listed in the document, the largest of which is Stellar at £371,288.
Debts have also racked up to the emergency services including North West Ambulance (£22,166) and Greater Manchester Police (£18,543) and St John’s Ambulance (£6,950).
A debt of £42,361 is payable to Sibcas, the Atherton-based company who lease offices and changing rooms to Wanderers at their Lostock training ground.
Wanderers also ran up a bill of more than £6,000 to local bakery Carrs Pasties.
Secured creditors
Fildraw/Moonshift 10,050,000
Brett Warburton 3,064,213
Ken Anderson 1,578,042
Prescot Business Park Uncertain
Unsecured creditors (selected)
Football creditors 2,747,122
HMRC PAYE/NI 2,252,974
Bolton Council 1,748,724
Yu Energy (stadium electric) 459,443
Stellar Football – FA 371,288
Macron 322,619
Prescot Business Park 248,352
HMRC VAT 217,487
Ken Anderson 180,000
PJSL Limited 169,800
Base Soccer Agency 113,067
Unique Sports Management 98,036
Adi UK Ltd 97,032
Thomas Cook Retail 92,124
United Utilities 85,391
Walker Morris 71,340
Dr David Humphreys 71,014
Bolton Arena 69,685
Ticketmaster Sports 60,352
Strike Management (via FA) 60,000
Yu Energy (stadium gas) 57,977
Matchday workers 57,624
Key Sports Management 54,600
Brabners 52,460
Emerson Management 44,318
Sibcas Ltd 42,361
Players Inc Limited 36,225
Impact SM Ltd 34,397
Pridemile Ltd 30,313
HCA International 29,542
Water Plus (Lostock) 29,283
OmniSports 28,125
PPL PRS Ltd 25,847
RS Tyrer Ltd 22,901
North West Ambulance 22,166
Platinum One Sports 21,840
Pinnacle Sports & Ents 20,040
Greater Manchester Police 18,543
https://www.theboltonnews.co.uk/sport/17759608.revealed-bolton-wanderers-25m-company-creditors/
The document, seen by The Bolton News, is a statutory requirement after eight weeks in administration and lists 294 different secured and non-secured creditors, including a whopping £10,050,000 owed to the Fildraw Trust, who manage the affairs of late owner Eddie Davies.
Outgoing owner Ken Anderson is owed £1,578,042 as a secured creditor and a further £180,000 unsecured, and the club has run up a debt to former vice chairman Brett Warburton of £3,064,213.
Wanderers owe £2,747,122 to football creditors, including players and coaching staff.
Although it is too early to give an exact figure, administrators are currently forecasting a return of 35 pence in the pound to unsecured creditors.
In that scenario, Bolton Council will see only £612,053 for the £1,748,724 they are owed in business rates and other services.
HMRC would also receive less than £1m of the near £2.5m owed in tax and VAT.
Yu Energy, who have supplied gas and electricity to the stadium and training ground, are owed more than £521,000. Another £85,391 is owed to water company United Utilities.
Several football agencies are listed in the document, the largest of which is Stellar at £371,288.
Debts have also racked up to the emergency services including North West Ambulance (£22,166) and Greater Manchester Police (£18,543) and St John’s Ambulance (£6,950).
A debt of £42,361 is payable to Sibcas, the Atherton-based company who lease offices and changing rooms to Wanderers at their Lostock training ground.
Wanderers also ran up a bill of more than £6,000 to local bakery Carrs Pasties.
Secured creditors
Fildraw/Moonshift 10,050,000
Brett Warburton 3,064,213
Ken Anderson 1,578,042
Prescot Business Park Uncertain
Unsecured creditors (selected)
Football creditors 2,747,122
HMRC PAYE/NI 2,252,974
Bolton Council 1,748,724
Yu Energy (stadium electric) 459,443
Stellar Football – FA 371,288
Macron 322,619
Prescot Business Park 248,352
HMRC VAT 217,487
Ken Anderson 180,000
PJSL Limited 169,800
Base Soccer Agency 113,067
Unique Sports Management 98,036
Adi UK Ltd 97,032
Thomas Cook Retail 92,124
United Utilities 85,391
Walker Morris 71,340
Dr David Humphreys 71,014
Bolton Arena 69,685
Ticketmaster Sports 60,352
Strike Management (via FA) 60,000
Yu Energy (stadium gas) 57,977
Matchday workers 57,624
Key Sports Management 54,600
Brabners 52,460
Emerson Management 44,318
Sibcas Ltd 42,361
Players Inc Limited 36,225
Impact SM Ltd 34,397
Pridemile Ltd 30,313
HCA International 29,542
Water Plus (Lostock) 29,283
OmniSports 28,125
PPL PRS Ltd 25,847
RS Tyrer Ltd 22,901
North West Ambulance 22,166
Platinum One Sports 21,840
Pinnacle Sports & Ents 20,040
Greater Manchester Police 18,543
https://www.theboltonnews.co.uk/sport/17759608.revealed-bolton-wanderers-25m-company-creditors/