NORTHWICH Victoria remain in administration after a meeting called for creditors to write off some of money they are owed by the club was adjourned for a second time.

Administrator Gary Pettit has set a new deadline of Thursday, Christmas Eve, to reach an agreement.

“There are still one or two procedural issues to resolve,” he said.

“But we remain in constant communication with all parties to make sure everything in place.”

The Guardian understands that HM Revenue and Customs (HMRC), owed around £465,000, wants to see finance records up to the point that the company which pays the players’ wages – Northwich Victoria Football Club (2004) Ltd – went into administration in May.

But that paperwork is still at the offices of former administrators Refresh Recovery, who were replaced last month.

Their substitute, Pettit, originally called a creditors' meeting for last Friday but the tax office representative who has, in principle at least, agreed to vote in favour of a company voluntary arrangement (CVA) was unable to attend.

She has told the club she wants all the relevant paperwork on her desk before accepting owner Jim Rushe’s offer to pay back part of Vics’ six-figures debt.

Sums owed to former players and other clubs have already been paid in full.

Under the terms of his latest proposal Rushe and ex-director Nick Bone will write off loans, thought to be in the region of £650,000, they have paid to the club since October 2007.

Cash rewards from this season’s run to the FA Cup’s second round and fees from ITV for two televised ties – some £180,000 in total – will go directly towards paying back part of the club’s remaining debt at the request of HMRC.

That money remains with the game’s governing body for now.

Should Rushe get the right result this week then a new company – The Northwich Victoria Football Club (2007) Ltd – will buy the Blue Square North putfit.

He must then seek to transfer the membership of the FA and the Football Conference from the company in administration to NVFC (2007) Ltd, which will take on the responsibility of paying off the old firm’s remaining debts in monthly instalments over the next five years.

It will become a tenant of Northwich Victoria Developments Ltd, also owned by Rushe, should he be successful in completing a £1.3m deal to buy the club’s Victoria Stadium home.

“The tax office wants every detail to be right before the CVA can be finalised,” he said today, Monday.

“They have to do things by the book and we’re working hard to satisfy their requirements.”