Liverpool legend Barnes declared bankrupt

Liverpool FC legend John Barnes has been declared bankrupt. A bankruptcy notice published in the London Gazette on Tuesday confirmed a HM Revenue and Customs petition against the former footballer has been granted. The former footballer’s company John Barnes Media Limited racked up debts of over £1.5 million in combined unpaid VAT, National Insurance and…

England & Liverpool legend declared bankrupt over £1.5m debts as ‘serve as a deterrent’ warning sent

Company collapse and tax nightmare The bankruptcy is rooted in the collapse of Barnes’ now-defunct business, John Barnes Media Limited. Liquidators revealed staggering debts, including nearly £777,000 owed to HMRC in unpaid VAT, National Insurance and PAYE. On top of that, Barnes’ company still had £461,849 in unsecured debts and a £226,000 director’s loan hanging…

England & Liverpool legend declared bankrupt over £1.5m debts as ‘serve as a deterrent’ warning sent

Company collapse and tax nightmare The bankruptcy is rooted in the collapse of Barnes’ now-defunct business, John Barnes Media Limited. Liquidators revealed staggering debts, including nearly £777,000 owed to HMRC in unpaid VAT, National Insurance and PAYE. On top of that, Barnes’ company still had £461,849 in unsecured debts and a £226,000 director’s loan hanging…

“A warning shot for the cycling and outdoor industry”: YT Industries files for insolvency as original founder starts process of buying back company

YT Industries is a brand that quickly made its name in the cycling industry for providing accessibly priced bikes for ‘young talent‘. From there, the brand sponsored many a successful athlete, such as Vali Holl and Andreu Lacondeguy, both of whom rode YT bikes to achieve incredible results. Oh, and remember the ad that starred Christopher Walken?…