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Originally Posted by runway30

Dave Ibbotson wasn’t the only one with problems in the Courts. According to The Telegraph a winding up order from HMRC has been adjourned until next month. Mercato Sports is the McKay family company run by McKay’s wife and son. Of course Willie McKay can’t run it himself because he is not a fit and proper person according to the Football Association. The McKays have a history of problems with HMRC.

In the High Court of Justice (Chancery Division)

Companies Court No 008651 of 2018

In the Matter of MERCATO SPORTS (UK) LTD

(Company Number 10683175)

and in the Matter of the Insolvency Act 1986

A Petition to wind up the above-named Company, Registration Number 10683175, of ,Martin Grange Lodge, Martin Common, Bawtry, Doncaster, DN10 6DD, presented on12 October 2018 by the COMMISSIONERS FOR HM REVENUE AND CUSTOMS, of South West Wing, Bush House, Strand, London, WC2B 4RD,, claiming to be Creditors of the Company, will be heard at the High Court, Royal Courts of Justice, 7 Rolls Building, Fetter Lane, London, EC4A 1NL on 23 January 2019 at 1030 hours (or as soon thereafter as the Petition can be heard).

Any persons 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 Petitioners or to their Solicitor in accordance with Rule 7.14 by 1600 hours on 22 January 2019 .

The Petitioners` Solicitor is the Solicitor to, HM Revenue and Customs,Solicitor's Office & Legal Services, South West Wing, Bush House, Strand, London, WC2B 4RD,telephone [phone] . (Ref SLR1968947/Z.)

11 January 2019

When the legal actions start, as they inevitably will, who actually has any money?

The address ( Martin Grange Lodge, Martin Common, Bawtry, Doncaster, DN10 6DD ) is most likely on the MARTIN GRANGE FARM estate that encompasses :
Property Features, A superbly restored 6 bedroom farmhouse, Detached staff cottage, Excellent equestrian facilities, In excess of 35 acres, All weather track with a half mile gallop, Walled courtyard enclosed by the traditional stables, 27 stables, tack and feed rooms in the large American Barn beyond & Horse walker, lunging ring and weighing machine.
This was on the market for £2,000,000 until recently but is now marked as Property no longer available.

https://www.houseladder.co.uk/property_for_sale/6086042


So there is some collateral sitting in this property, strangely Martin Grange Lodge was also on the market for £1,250,000 with the following details:

NO LONGER AVAILABLE

• Around 32 acres in all
• Professional 1 mile all weather gallop
• 27 stables, tack and feed rooms
• Horse walker and lunging ring
• Single storey brick and pan tile lodge
• Lounge, fitted kitchen
• Two bedrooms, two shower rooms
• Superb equestrian facility
• Option to purchase main farmhouse

Please note that the brochure also includes the farm house, additional stabling, paddocks, formal gardens and the all-weather sports pitch which is available by separate negotiation.

Martin grange lodge

Recently converted and providing additional accommodation with electric underfloor heating and UPVC sealed unit double glazing.

The Lounge has exposed trusses and French doors opening to the front, and there is a modern fitted Kitchen with integrated appliances.

The 2 Bedrooms each have En-Suite Shower Rooms.

The property is approached along Martin Grange Farm Lane.

There is an all weather 1 mile track and gallop comprising 4 round furlongs and 4 straights.

To the West is the American Barn providing 27 stables, tack and feed rooms, with adjacent horse walker and lunging ring.

There is over 32 acres in all.

I wonder if it is just MERCATO SPORTS (UK) LTD that is being wound up or whether MERCATO SPORTS (HOLDINGS) LTD is in the winding up order as well?
In all honesty I would think the winding up order is the least of the McKay's worries at this current time.

So it would seem that properties were getting put on the market to get some 'ready cash' https://mapio.co.uk/detail/476985/

House For Sale £1,250,000
Martin Grange Lodge, Martin Common, Bawtry, 6Dd. DN10