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View Full Version : Paragon Leisure Avoids Being Dissolved


SwalePie
09-06-2019, 04:09 PM
From Matt Bunn on Tw@tter:

"Positive news for Notts County as Paragon Leisure avoids being dissolved. Story coming up online soon"

Companies House shows the strike off action is discontinued here (https://beta.companieshouse.gov.uk/company/07838070/filing-history)

12901
MagpieMike
09-06-2019, 04:24 PM
Well spotted Swale, that's the first bit of positive NCFC news I've seen in a while. Maybe Notts debts to them have been settled as part of the takeover, allowing them to remain solvent?
Oldstripy
09-06-2019, 04:25 PM
From Matt Bunn on Tw@tter:

"Positive news for Notts County as Paragon Leisure avoids being dissolved. Story coming up online soon"

Companies House shows the strike off action is discontinued here (https://beta.companieshouse.gov.uk/company/07838070/filing-history)

12901

Does that mean the PLG administrator will not be aggressively going after the loans to Notts?
SwalePie
09-06-2019, 04:27 PM
Does that mean the PLG administrator will not be aggressively going after the loans to Notts?

Let's hope so. Fingers crossed. I understand this is all part of the grand plan.
Chicken Balti Pie
09-06-2019, 04:33 PM
Does that mean the PLG administrator will not be aggressively going after the loans to Notts?

Leisure isn't in administration? Do you mean paragon interiors?
MagpieMike
09-06-2019, 04:50 PM
Leisure isn't in administration? Do you mean paragon interiors? No he means Leisure, Companies House were taking action against them for not filing accounts I think from previous NP articles.
Chicken Balti Pie
09-06-2019, 05:22 PM
No he means Leisure, Companies House were taking action against them for not filing accounts I think from previous NP articles.

They were but no administrators were involved, in that scenario, the assets (including Notts shares) would go to the crown
Glad2BeAPie
09-06-2019, 06:58 PM
Have they sorted this out from S.A as the start of their takeover, flying over to finalise the deal, or just wishful thinking
HAPPYMAGPIEHAPPY
09-06-2019, 07:21 PM
Have they sorted this out from S.A as the start of their takeover, flying over to finalise the deal, or just wishful thinking

Wishful thinking !
Glad2BeAPie
09-06-2019, 07:50 PM
Wishful thinking !

Thought so
iamITK
09-06-2019, 08:49 PM
To have this removed, they must have filed their accounts, either

1) without huge losses that would otherwise show insolvency
or
2) filed with loses and proof of ability to keep trading (ie payment made/due to be received with evidence)

In order to be able to continue trading, something must have positively changed in their position