Business
Winding up of subsidiary
Winding up of subsidiary.
About this update from Prospex Energy Plc
[{"type":"text","content":"\n Premier Management Holdings PLC\n07 April 2006\n\n\n7 April 2006\n\nPremier Management Holdings Plc ('Company')\n\nWinding up of subsidiary undertaking\n\n\nThe Company has received a High Court petition dated 5 April 2006 from HMRC for\nthe winding up of its non-trading subsidiary Sports Player Management Limited\n('SPM') under the provisions of the Insolvency Act 1986 relating to unpaid\narrears of unpaid taxes dating back to the financial year ended 28 February\n2002. SPM ceased trading during the financial year ended 31 January 2005 and as\nsuch the Company has decided not to contest the petition. The Company does not\nowe any money to SPM and has not guaranteed or otherwise underwritten any of its\ndebts. Accordingly, the financial impact of the winding up of SPM on the Company\nis not expected to be material.\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1038,"tagName":"div"}]