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Page last updated at 12:08 GMT, Wednesday, 11 August 2010 13:08 UK

Southend United survive winding-up petition

Southend United

Southend United have successfully staved off a winding-up petition in the High Court.

The bid was put forward by loan company Charterhouse Commercial Finance Plc who were owed £140,000 by the club.

However, Mr Registrar Nicholls dismissed the petition after it was heard Southend had settled the debt.

The Shrimpers fended off an application to put the club into administration from Her Majesty's Revenue & Customs over unpaid taxes on 2 August.

Chairman Ron Martin had already stated the team had organised funds to cover all arrears for the coming season, with most of the money coming from a partnership with supermarket giant Sainsbury's.

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