Lawrence Dallaglio’s financial woes laid bare as England rugby legend shuts his company owing almost £1,900 to his local taxi firm
- His 26-year-old business is closing in order to settle tax bill of £380,000
Former England rugby captain Lawrence Dallaglio has revealed he is closing his company owing cash to a string of creditors including almost £1,900 to his local cab firm.
The sports business set up 26 years ago is being shut in order to settle a £380,000 tax bill, as he untangles his financial woes.
Dallaglio, 51, who has just returned from commentary duty at the rugby world cup has put his self-named company into liquidation to prevent it from being wound up by a court order.
New documents just published show Lawrence Dallaglio Limited owes taxi firm Parker Cars Limited £1,891.82, Coutts Bank £24,000, and US law firm Brown Rudnick £14,323.20 on top of the tax bill.
The Statement of Affairs document said that the company had £366,510 in assets to pay creditors but actually owed £420,543 – meaning there will be a shortfall of £54,035.
Former rugby player Laurence Dallaglio has announced he is closing his business which owes nearly £1,900 to a local taxi firm
HMRC is guaranteed to get £67,004 of its cash, but there will only be £299,506 to pay the £353,539 owed to the other creditors.
Asked for comment on the taxi debt, a spokesperson for Parker Cars said: “We would not be interested in talking about that with the press.”
Dallaglio avoided the company being wound up in the High Court after his representatives told a judge he was liquidating the firm last month.
HMRC had brought the case against the company, which he set up in 1997 when he first captained England, as it chased unpaid tax bills.
Laurence Dallaglio Limited also owes over £24,000 to Coutts Bank and more than £14,000 to law firm Brown Rudnick
In a separate case in September another judge dismissed a bankruptcy petition lodged by tax officials against Dallaglio, who won 85 England caps and now works in television.
An HM Revenue & Customs (HMRC) official told Judge Sebastian Prentis that a “voluntary agreement” had been reached.
The judge had, in May, given Dallaglio time to pay after being told that he owed about £700,000 in tax.
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