A FORMER finance chief of Sir David Murray has been drafted in by Goals Soccer Centres as the troubled five-a-side football pitch operator confirmed it had appointed Deloitte to work with current advisors and lenders to assess “future corporate options”.
Mike McGill, a former finance boss at Murray International Holdings and Baxters Food Group, has been appointed interim chief finance officer at Goals as discussions continue with HMRC regarding the potential misdeclaration of VAT. Shares in Goals have been suspended since March, when it revealed it had uncovered “substantial” VAT accounting errors, estimated at that stage to be around £12 million.
READ MORE: Former Murray lieutenant McGill joins the Baxters board
A spokesman confirmed the company’s lender is Bank of Scotland, part of Lloyds Banking Group, and that bank debt stands at £30m. Asked whether the appointment of Mr McGill had been driven by Lloyds, the spokesman said that the new finance chief is “100% a Goals appointment”.
Mr McGill will succeed current interim finance boss Martin Johnson on July 31.
The Deloitte appointment follows a report over the weekend suggesting it had been brought in ahead of a process to sell Goals. Asked whether administration was an option, the spokesman said Deloitte would help the firm prepare for a range of possible outcomes from its continuing discussions with HMRC.
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