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Buyer sought after Welsh golf club goes into administration

John Kelly

Administration

| August 14th 2012

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Buyer sought after Welsh golf club goes into administration

One of Wales’s leading golf clubs is up for sale after going into administration.

Chirk Golf Club – part of Myddelton Leisure Limited – comprises an 18 hole championship course, a nine hole par three course and clubhouse.

Nigel Price and John Kelly, partners in the Birmingham office of insolvency specialist Begbies Traynor, have been appointed joint administrators of the company.

The club, near Wrexham, opened in 1992 and offers membership as well as daily green fees.

Mr Kelly and Mr Price have been tasked with operating the businesses of the club and Chirk Marina whilst a buyer is sought.

Mr Price said that whilst the club had been hit by reduced bookings due to the summer weather, they were hopeful of finding a buyer.

Guy Myddelton, the sole director of Myddelton Leisure Limited, said: “Trading conditions for Chirk Golf Club had been made more difficult this year by the terrible summer weather, which has affected the number of visiting golfers. However, we have a dedicated and growing membership and I hope that we can find a buyer to take the club forward following my investment in it over the last few years.”

Mr Price added: “The club will be offered for sale on a freehold basis, and we believe that this represents a unique opportunity to acquire an established golf club business and its assets, two golf courses and clubhouse – all set within a perimeter of 160 acres of its own land.”

John Kelly

About the author

John Kelly

Partner

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John has specialised in Corporate Recovery, Restructuring and Insolvency since 1977 and has accumulated an extensive experience in a wide range of sectors mainly in the East and West Midlands. A former partner in Ernst & Young and Kroll, John joined Begbies Traynor in 2004. He has gained a reputation for dealing with the more challenging cases for lending institutions whether it is for a recovery or restructuring assignments.

John is a past president of Birmingham and West Midlands Society of Chartered Accountants.

Advice You Can Trust

Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ACCA (the Association of Chartered Certified Accountants) ICAS | The Institute of Chartered Accountants of Scotland
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