BURY FC have been hit with another winding-up petition amid speculation about the club's current financial state.

The company behind the town's team, Bury Football Club Company Limited, will face the petition in the High Court next Wednesday.

It is understood to have been presented by former assistant boss Chris Brass, who is claimed to be a creditor.

A spokesman for the club said: "The winding up order is in the hands of the club’s lawyers.

"This is an historical debt and will be addressed before the winding up date."

If the club is wound up, its affairs will effectively be handed over to an Official Receiver.

His job would then be to do his best to ensure that debts are paid off by selling any assets available and then bringing business to a close.

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The winding-up petition is the second issued against the club this year.

In February, HMRC lodged a petition at the Insolvency and Companies Court seeking the limited company’s winding up over an unpaid tax bill for an undisclosed amount.

When the case came on, counsel for HMRC told Judge Sally Barber that the debt had been paid and asked for the winding up petition to be dismissed.

However, counsel for two other creditors, Stellar Football Ltd and Impact SM Ltd asked to be substituted. She said the two companies were owed £22,522.52 and £4,826.22. The preference was that the substitution was in the name of SM Impact.

Bury FC Ltd’s barrister said those two companies were asking that payment be made by the Football Association rather than the company, particularly the underlying debt.

The judge agreed with the request to substitute Impact SM on the petition and said the winding up petition should be re-served.

The League Two club announced its new owner Steve Dale, in December last year.

At the time, Mr Dale said there was "a lot to do" to sort out the financial problems at the club.

He said work to improve the club's financial prospects was already beginning and criticised the way in which business had been run in the past.

Yesterday, the club issued a statement confirming it was experiencing "internal financial restrictions" and that this had been discussed with players and staff.

They vowed to quickly rectify the issues to help the team in their fight for promotion to League One.

The statement said: "Following on from the takeover of the Club, some unforeseen circumstances have led to interim internal financial restrictions.

"We value our players and staff at the Club, and they were all informed of this last week in a number of meetings.

"The Chairman and the Board of Directors remain fully committed to resolving the situation as quickly as possible, to ensure that the club can move forward and maintain our push for promotion."