WRFC Trading Ltd. – administration

WRFC Trading Ltd., the company that owns the Worcester Warriors Premiership rugby club, entered administration on 26 September, while Sixways Stadium was placed under receivership. Worcester are burdened by debts totalling more than £25million, including at least £6m in unpaid tax and £14m to the Department for Digital, Culture, Media and Sport, Worcester’s biggest creditor. The owners of the club failed to meet the Rugby Football Union’s deadline to evidence insurance cover, availability of funds to meet the monthly payroll and a credible plan to take the club forward. The club has been suspended from all competitions, and the stadium has closed with no indication when it will reopen. Parent company WRFC Trading Limited is not subject to insolvency proceedings, but has been served with a winding up petition from HMRC, with a hearing date set for 5 October. Julie Palmer, Julian Pitts and Andrew Hook of Begbies Traynor were appointed as Joint Administrators over WRFC Trading and Receivers over Sixways Stadium.