Skip to content
Dragon Football
Football FinanceInsolvency Watch

Insolvency Watch

English football clubs showing one or more red flags from Companies House. We track active insolvency proceedings, going-concern uncertainty in filed accounts, large HMRC tax balances, multiple outstanding secured loans, and overdue statutory filings.

64 clubs flagged · ← Football Finance

Club Flags HMRC owed Charges Accounts due
Active insolvency Large HMRC balance Accounts overdue £1.3m 2026-04-30
LFC Liverpool
Large HMRC balance 3+ secured loans £69m 5 2027-02-28
Large HMRC balance 3+ secured loans £23m 3 2027-03-31
AFC Arsenal
Large HMRC balance 3+ secured loans £22m 6 2027-02-28
Large HMRC balance 3+ secured loans £21m 14 2027-03-31
Large HMRC balance 3+ secured loans £18m 3 2027-02-28
Large HMRC balance 3+ secured loans £16m 4 2027-03-31
Active insolvency Large HMRC balance £11m 1 2027-03-31
Large HMRC balance 3+ secured loans £10m 3 2027-03-31
EFC Everton
Large HMRC balance 3+ secured loans £9.7m 3 2027-03-31
Large HMRC balance 3+ secured loans £9.7m 14 2027-03-31
BFC Burnley
Large HMRC balance 3+ secured loans £8.8m 4 2027-04-30
Large HMRC balance 3+ secured loans £5.4m 3 2027-03-31
MFC Millwall
Active insolvency Large HMRC balance £2.1m 1 2027-03-31
Large HMRC balance 3+ secured loans £1.9m 3 2027-03-31
WFC Watford
Large HMRC balance 3+ secured loans £1.5m 5 2027-03-31
Large HMRC balance 3+ secured loans £1.5m 10 2027-03-31
Active insolvency 3+ secured loans £121k 3 2027-04-30
3+ secured loans Accounts overdue £1k 7 2026-06-29
TCFC Truro City
Active insolvency Accounts overdue 2013-09-30
Active insolvency 3+ secured loans 6 2027-03-31
Active insolvency 3+ secured loans 4 2027-03-31
BFC Barnet
Active insolvency 3+ secured loans 3 2027-03-31
Large HMRC balance £51m 1 2027-03-31
Large HMRC balance £30m 2 2027-03-31
Large HMRC balance £30m 1 2027-03-31
CFC Chelsea
Large HMRC balance £29m 2027-03-31
FFC Fulham
Large HMRC balance £18m 1 2027-03-31
Large HMRC balance £18m 2 2027-03-31
Large HMRC balance £7.9m 1 2027-03-31
Large HMRC balance £7.2m 2 2027-03-31
Large HMRC balance £4.9m 2027-03-31
Large HMRC balance £2.1m 2 2027-02-28
Large HMRC balance £1.9m 2027-03-31
Large HMRC balance £1.8m 2027-03-31
SCFC Stoke City
Large HMRC balance £1.7m 2027-02-28
HCFC Hull City
Large HMRC balance £1.7m 1 2027-03-31
LTFC Luton Town
Large HMRC balance £1.6m 2027-03-31
Large HMRC balance £1.5m 1 2027-03-31
Large HMRC balance £1.5m 2026-12-31
WAFC Wrexham
Large HMRC balance £1.3m 2 2027-03-31
Large HMRC balance £1.2m 1 2027-03-31
Large HMRC balance £1.1m 1 2027-03-31
Large HMRC balance £1.0m 1 2027-03-31
Active insolvency £885k 1 2027-03-31
Active insolvency £792k 2027-03-31
Active insolvency £755k 2027-02-28
PVFC Port Vale
Going-concern warning £524k 2027-03-31
3+ secured loans £413k 4 2027-03-31
SFC Stevenage
3+ secured loans £389k 5 2027-02-28
Active insolvency £371k 2027-03-31
WA Walsall
3+ secured loans £283k 3 2027-02-28
Accounts overdue £256k 2026-06-30
Active insolvency £251k 1 2027-03-31
Active insolvency £250k 2027-03-31
Active insolvency £197k 2 2027-02-28
3+ secured loans £155k 3 2027-02-25
3+ secured loans £112k 4 2027-03-31
3+ secured loans £91k 3 2027-02-28
3+ secured loans 3 2027-03-31
BA Barrow
3+ secured loans 6 2026-08-31
Going-concern warning 2 2027-02-28
Active insolvency 2027-02-28
RFC Reading
3+ secured loans 3 2027-03-31

How the flags work

This page combines public Companies House data with iXBRL-parsed accounts. None of the flags individually mean a club is going under. A combination is the signal.

  • Active insolvency: an open case at CH (administration, CVA, winding-up petition). The most serious flag.
  • Going-concern warning: the directors flagged material uncertainty about the company's ability to continue in their latest filed accounts.
  • Large HMRC balance: more than £1m owed in tax and social security at year-end. Most clubs file PAYE monthly so a multi-million sum unpaid is unusual.
  • 3+ secured loans: multiple lenders holding charges against the club's assets (stadium, training ground, players). Refinancing pressure.
  • Accounts overdue: statutory filing date has passed and the next accounts still aren't in.

Refreshed weekly. Source: Companies House profile + iXBRL accounts.

The Dragon Football Newsletter

English football below the headlines, delivered.

A daily fixture digest, weekly features, and the stories the majors miss. Free, no spam, unsubscribe whenever.