NEW CHAIRMAN Mark Serrell hopes once Harriers get over their immediate financial woes that the cash-strapped club will start to live within it means.

Harriers are still battling hard to avoid administration as they try to find the £120,000 needed to satisfy creditors which include Her Majesty's Revenue and Customs.

Serrell, who became chairman on January 1, revealed the board are still paying for bills incurred under the previous regime.

Some of the bills the club are still struggling with include £3,000 for West Mercia Police's presence at Harriers home game against Luton in October 2009.

Serrell said: "If you look at our creditors bill, we owe tax and National Insurance, we owe creditors and the total amount is £120,000 at this moment.

"We're paying for things as we go along so the debt's not getting any bigger.

"We've got outstanding bills, we've got a police bill from the Luton game last season, which is around £3,000.

"That's not down to us, that's something we've been left to deal with.

"There's also the pre-season friendly against Nottingham Forest, that money's still outstanding.

"We owe money from long outstanding debts not current ones. Our current debts aren't getting any bigger but it's getting and tougher."

The club have started to put in place cost-cutting measures which will allow it to live within its means, once Harriers overcomes it's present problems.

Former chairman and major shareholder Dave Reynolds believes the action will save the club between £60,000 and £70,000 a year.

"We've made cuts, maybe not large ones but seven or eight savings which is £100 here and £300 there, but the benefit won't come for another six or 12 months," he said.

"The club has got to get back to how it was run professionally all those years ago.

"In the future, the club can only spend the money that it generates. That's our aim once we get this short term problem out of the way.

"There's been all sorts of waste here.

"There's been mis-management in relation to one or two things which would have saved the club a lot of money in the first place.

"We estimate the savings we will put in place can save £60,000-£70,000 a year."

Meanwhile, Stratford businessman Chris Swan confirmed he is no longer interested in purchasing Harriers.

Swan made an approach to major shareholders in December to buy the club for £1 and pay off the immediate debts.

However, he decided not to pursue his interests when Harriers proposed he reimbursed Serrell and Reynolds the £125,000 they had put in to keep the club from being wound up.

Rumours were still circulating he was still interested, but Swan confirmed he is no longer in the running for the club.

He also answered questions put to him by Harriers fan John Davies on behalf of fans trust KHIST.

Davies had queried the prospective buyer's plans for Aggborough and how much cash he was prepared to put into the club.

Swan said: "I have had no more talks with Dave Reynolds and Mark Serrell. I put an offer to them and they replied with a proposal which I declined, for me the matter is closed."

Swan revealed he was also the mystery businessman that Barry Norgrove lined-up to buy the club, before he was ousted by Reynolds in October.

He added: "Harriers have a good lease from a landlord who is willing to help and it would be madness to leave Aggborough. I certainly had no plans to move the club from its home.

"I never intended to match the figures that have been invested in Crawley Town. My aim was to pay the shortfall the club needed and look at getting more people through the turnstiles and concentrate on the corporate side.

"Harriers needs to be able to sustain itself and it was my plan to sure they do over several years.

"I meet Barry Norgrove once when he was chairman. We did a deal for me to buy the club but he was pushed out by Dave Reynolds.

"I have no other involvement with him apart from that. If I had taken over Harriers, I would have brought Mark Fenemore into run it for me.

"He's a good guy and has experience of football and running businesses."