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Southend United pay off HMRC tax debt in full

League Two strugglers Southend United reach payment plan agreement for tax debts of £500,000
Southend United

Southend United has settled their tax debts amounting to £493,931 to have their winding-up petition dismissed in the High Court on Wednesday.

The EFL’s basement club had been afforded four adjournments to give them more time to reach a repayment plan involving installments.

Fears had grown that the Shrimpers could follow the route of Macclesfield Town in being wound-up by the High Court and being liquidated over debt levels similar to Southend.

But a lawyer representing Southend in court notified Chief Judge Briggs that debts had been paid in full.

Troubles on the pitch remain a pressing issue to United’s EFL status following a winless start to life back in League Two.

Mark Molesey’s side are 1/9 odds-on favourites to be relegated to the National League after losing seven of their nine matches to open the season, with speculation that the club’s wage bill has been slashed from £2.8m to £1.1m this year.

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