On 25 August 2011, HM Revenue and Customs presented a winding-up petition to the club due to unpaid taxes of over £100,000. Prior to this, chairman Kevin Heaney had to quell rumours of the club being sold. A meeting on 31 October 2011 between the club and HMRC resulted in a postponement of the winding-up process to allow the club until 16 January 2012 to pay their taxes. When the case was called, the Registrar was told that two hours before the hearing the tax debt had been "paid in full." A further winding-up petition was lodged by HMRC in the High Court of Justice (Chancery Division) on 30 March 2012, with a hearing on 30 April 2012 when the club was expected to pay £51,000 to HM Revenue and Customs. When this was not paid, a further extension to 25 June 2012 was granted, but the petition was dismissed when the bill was ultimately settled. Four other parties were also claiming monies amounting to around £700,000, but the club disputed these claims.