This live event has finished
- Creditors of Hereford United will be gathering at the club's Starlite Rooms at 3.30pm and will be voting on the CVA (Company Voluntary Arrangement) for creditors.
HEREFORD United's match at Dorchester tomorrow will go ahead, shareholders were told at their meeting to hear about the failed CVA proposal this morning.
Directors John Edwards and Elke Thuerlings said that the game would go ahead after permission was given by the Southern League.
There is a small possibility that Tuesday night's scheduled game at home to Banbury will also go ahead but a further announcement will be made about that on Monday.
Around 25 shareholders and the two directors attended the meeting which was chaired by Insolvency Practitioner Marc Landsman.
Following the decision of the creditors to reject the CVA yesterday, the meeting was a formality, although, in accordance with the regulations, shareholders did vote on the proposal at the end of the meeting.
Landsman, whose firm has charged £15,000 to carry out the work relating to the CVA, not more than £77,000 as reported elsewhere, said that he believed the club would be subject to compulsory liquidation at the next winding-up hearing in the High Court on September 1.
RT @StigAmmonds: @g5davies @HUFCCommunity @BullsNewsBlog @HTnewsroom @hufctrust - We need to ensure @HfdsCouncil do the right thing and #sa…— @g5davies 14 August 2014
RT @BrightonFanbase: Very sad to hear that Hereford United are on the brink of going out of business. Played a big part in the Albion`s his…— @BD19_Seagull 14 August 2014
Just to update - Hereford United is now, effectively, an insolvent company after creditors rejected a payment proposal.
Unless the two directors can raise all the money to pay off the creditors before September 1, the club will be wound-up in the courts.
The match at Dorchester on Saturday is likely to be honoured.
It is a very sad day for Hereford United Football Club.
“@HTnewsroom: It looks like the end of Hereford United. The CVA proposal has been rejected.” Extremely sad way for a club to end.— @jcwba16 14 August 2014
@BullsNewsBlog @HerefordUnited1 @HTnewsroom I can't help but think a chapter of sporting history is closing. Goodbye Ronnie Radford.— @TheJamesThomas_ 14 August 2014
It would seem that the club will honour Saturday's away match at Dorchester - perhaps the last ever match as Hereford United?
There is still a small possibility that Hereford United can survive.
But that would involve the directors paying off all the creditors by September 1.
Mark Ellis and a few of the players were in Addison's bar a short while ago.
6:29pm Thu 14 Aug 14
Hereford Common Sense says
Now there is a possibility for a new football team for the future based in Hereford City. I assume all of the jokers who have been playing at being football bosses will respectfully head off into the sunset with little or no fuss. To quote Lonsdale...."everyth
ing as normal". Some peoples sense of normal isn't everyone's is it?
HCC need to now work with it's community and decide what is best for the city. And if that includes finding a place for Hereford football so be it. Now there ironically could be light at the end of a very long tunnel
It looks like the end of Hereford United Football Club as the club's shareholders are starting to gather at the Starlite Rooms.
The CVA proposal was rejected by creditors earlier and that is the end of Marc Landsman's involvement in the case.
Landsman has done an excellent job in keeping an open and informative dialogue with the Hereford Times.
Jamie Griffiths has called it a 'bitter sweet' moment in the life of Hereford United.
The CVA proposal to creditors has been rejected.
Director John Edwards claimed earlier that the club had a written assurance of £250,000 sponsorship should the CVA get the go ahead.
Jamie Griffiths, the former Hereford United press officer, has just cast a proxy vote.
The creditors are now casting their votes on the proposal.
Marc Landsman confirmed earlier that HMRC have rejected the CVA proposal to creditors.
The debt bought by Alpha Choice Limited is likely to be classed as an associate, Landsman confirmed.
Linda Richards, Jonny Evans and Roger Lloyd have told the meeting that, as former employees, they have not received their P45s from Hereford United FC.
The company which has bought Agombar's shares and debts is Alpha Choice Finance Limited owned by Alan Gerald McCarthy.
Landsman has informed the meeting that HMRC are likely to reject the CVA propsosal.
It has been a very informative meeting with lots of information given by Marc Landsman.
The meeting is drawing to a close.
HMRC have voted to reject CVA proposal.
The meeting is still continuing.
The new shareholder, who has taken on Tommy Agombar's shares, is Essex-based Alpha Choice Finance Ltd.
The meeting is about to start.
Marc Landsman is just having a chat with director John Edwards at the Starlite Rooms.
About 20 people are seated in the Starlite Rooms for the creditors meeting that is due to start shortly.
Club chairman Andy Lonsdale and the two directors, Elke Theurlings and John Edwards have just walked up the stairs and into the Starlite Rooms.
Roger Lloyd and Jonny Evans are among former Hereford United staff who are going into the creditors' meeting.
Hugely significant for Hereford United. Vote will take place which will seal club's fate. Follow on @HTnewsroom: http://t.co/plzvI1yzXA— @JacksonTC 14 August 2014
Martin Watson, the vice-chairman of Hereford United Supporters Trust, has also arrived at the club.
Former director Dave Preedy and his wife, Caroline, have just arrived at the club for this afternoon's meeting.
RT @HTnewsroom: Agombar sell his shares in Hereford United to a ‘purchaser of distressed debts’ (Hereford Times) http://t.co/sEZrwepphd— @bishy4882 14 August 2014
Creditors of Hereford United will be gathering at the club's Starlite Rooms at 3.30pm and will be voting on the CVA proposal for creditors.