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Sidley Sports And Social Club Ground Sold Out Of Liquidation

Jon Beard

Liquidation

| March 31st 2015

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Sidley Sports And Social Club Ground Sold Out Of Liquidation

A Sussex sports club that entered liquidation in 2013 has been sold, raising hopes that it may once again become a pivotal site in the community.

Business recovery and insolvency specialist Begbies Traynor completed the sale of Bexhill-on-Sea’s Sidley Sports and Social Club site on Monday, 2 March, 2015 to Sustainable Land Plc following marketing of the ground and its buildings.

The club’s 4.9-acre site includes a pavilion, stands and stores. The land was named Gulliver’s Sports Ground after the local farmer who sold it the late 1940s to the then Sidley Cricket and Football Club for £1,000.

The club, which has remained shut since April 2013, once hosted the full Sussex County team for testimonial matches played in honour of England and Sussex cricket legends John and James Langridge, Jim Parks and George Cox amongst others.

The liquidator, Jon Beard, of Begbies Traynor, said his team had worked tirelessly over the past 20 months to secure the site and find a suitable buyer.

Jon Beard said: “I am delighted to be able to announce the sale of the Sidley Sports and Social Club site. After nearly two years of very hard work by my team, we have managed to secure the sale of the site to a buyer, who we hope will be able to work with the community to build a future that is welcomed by local residents.

“My hope now is that the site will once again become the focus of the community and I would like to thank all those who offered their valued assistance during the liquidation period. The news of the sale means the period of limbo in which the site has found itself has now ended and a satisfactory resolution is now hopefully within sight.”

Jon Beard acknowledged that there had been a problem with vandalism over the past 20 months, adding that his team had worked closely with local security providers and the police in order to tackle the problem.

He said: “Despite repeated attempts at vandalism, we have done our very best in difficult circumstances to prevent attacks. I would like thank our security contractors and the local police for giving the site additional attention. This support has meant that we not only have been able to keep the ground safe, but we have also been able to secure the highest possible price for creditors, enabling us to recover a significant amount of money for organisations and individuals to whom the club was indebted.”

Jon Beard

About the author

Jon Beard

Partner

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Jon joined Begbies Traynor in London in 1997 and moved to the Brighton office as a Director in November 2008.

He has 15 years experience working on all types of formal corporate and personal insolvency procedures, in particular, small to mid-market corporate, some of which being multi-jurisdictional, with a focus on administrations/receiverships and trading appointments. He is a Licensed Insolvency Practitioner and a fellow of R3.

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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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