Bradford Bulls has denied its holding company is on the brink of administration after a new business was set up.

A firm called Bradford Bulls 2014 Limited was registered with Companies House on November 12, sparking online speculation that the current outfit OK Bulls Limited could be on the verge of entering administration.

The 2014 firm has the same directors as OK Bulls, with documents confirming Mark Moore, Andrew Calvert and Ian Watt each own a third of the shares. The nature of the new company is not specified, but its registered address is the Super League side’s Odsal Stadium.

However, chief executive Robbie Hunter Paul dismissed any suggestion OK Bulls was going into administration.

He said a new company had been set up by the club’s directors but was not active and its existence had no impact on OK Bulls adding: “We are trading as OK Bulls Ltd and we are moving forwards.”