EXCLUSIVE: England rugby legend Lawrence Dallaglio asks to be given extra time to enter legally-binding voluntary arrangement to pay back business debts after HMRC applies to wind up his firm
- Lawrence Dallaglio’s accountants have made an application to the High Court
- The England rugby legend’s business is under mounting pressure to pay debts
- HMRC has recently applied to wind up his firm Lawrence Dallaglio Limited
Rugby legend Lawrence Dallaglio has been given more breathing space to keep his business going in the face of action from the taxman.
HMRC has applied to wind up his firm Lawrence Dallaglio Limited but accountants are seeking extra time to pay back money owed.
The tax authority and other creditors will now vote on whether to allow the company to enter into the legally-binding voluntary arrangement where the debts are paid back over an agreed timescale.
Insolvency practitioners Turpin Barker Armstrong have applied to the High Court in London for his company Lawrence Dallaglio Ltd to enter into the arrangement with creditors.
Dallaglio was part of the England 2003 Rugby World Cup winning team, and is also facing a personal bankruptcy action also brought against him by the taxman.
Lawrence Dallaglio is seeking extra time to pay back money owed by his business
The rugby legend is under pressure after HMRC applied to wind up his firm Lawrence Dallaglio Limited
He owes a £700,000 in personal back tax to HMRC who are taking bankruptcy action against the ex star.
In June he was given more time to pay this back after saying he was trying to raise money by selling a property.
Dallaglio, 50, and wife Alice, 47, own a house worth an estimated £3.2 million in Richmond, Surrey.
Last month he filed accounts for Lawrence Dallaglio Limited covering the 12 months to the end of April this year, which show that he took a loan of £338,263 from the business, as well as a loan of £553,947 in 2022.
After making some repayments, he owes the company £366,510, the accounts say. Dallaglio is the only director of the company, and the accounts show that once the company’s liabilities are taken away from its assets, it has capital and reserves of just £2.
Father of two Dallaglio played for Wasps throughout his rugby career, and retired in 2008. Now he works as a pundit for ITV.
Dallaglio was part of the England 2003 Rugby World Cup winning team
Dallaglio also owes £700,000 in personal back tax to HMRC who are taking bankruptcy action against the ex-England star
He has spoken of how rugby was his saviour after his sister Francesca died in the Marchioness disaster in 1999 on the River Thames. She was at a party on the boat when it collided with another vessel, the dredger Bowbelle, and was one of the 51 people who died in the tragedy.
Dallaglio stood down as England captain in 1999 over allegations that he had used drugs including cocaine and ecstasy when celebrating the British Lions tour in 1997. He refuted the claims and said he had been the victim of a set-up.
Dallaglio’s name was mentioned three years ago in a six-week-long court trial in which he was not involved which heard that he had paid up to £10,000 a time at brothels, visiting a London townhouse, although he did not give evidence at the trial, and was never a suspect in the case nor arrested.
A trial of a gang accused of providing prostitutes and class A drugs, at Wood Green Crown Court, heard his name was discovered when detectives raided the brothel in July 2019 and went through bank card receipts.
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