Confidential Advice Line: 0800 063 9221

Begbies Traynor appointed administrators to Treasure Island

Administration

| April 5th 2011

More News by Jon Beard

Jon Beard and Neil Mather, partners at corporate recovery specialists Begbies Traynor have been appointed administrators to Coasta Ltd, the company that runs the Treasure Island attraction on Eastbourne seafront.

Eastbourne Borough Council is the landlord of the entertainment centre which is popular with families in the summer months.

The site closed in March, and Mr Beard and Mr Mather were appointed administrators to Coasta Ltd, which owns the leasehold and the business assets of Treasure Island.

Mr Beard said: “We are keen to work with the Council to enable the sale of the business and secure a new tenant for the park as soon as possible.”

Eastbourne Borough Council has already stated its commitment publicly. A spokesperson said: “Treasure Island is an important attraction on Eastbourne seafront and the council is very keen to see a positive outcome for this key location. It is essential that an appropriate resolution is achieved in a timely manner and the council will contribute in any way it can to support this objective.”

Interested parties should contact Jon Beard at Begbies Traynor’s Brighton office on 01273 747847.


About the author

Jon Beard

Partner

Meet our Team of Experts

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.

47 Regional UK Offices

Find your local Begbies Traynor office and speak to an adviser today.

Find your Local Office
0800 063 9221

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0800 464 0871

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0161 837 1700

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
Advice for businesses on EBTs after HMRC Supreme Court victory
Begbies Traynor currently advising numerous businesses
HMRC sends out follower notices to reclaim tax lost to Employee Benefit Trusts
Find out more →
 
Open Banking to Reshape the Alternative Finance Sector
CMA mandates the adoption of Open Banking by early 2018
Will see alternative lenders competing on a level playing field with dominant banks
Read more →
 
Join thousands of professionals by signing up for our updates
Analysis and Opinion from our Partners
Top Industry News
Register Now →
 

Advice you can trust

We are accredited by the following industry leading organisations

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

Contact the Begbies Traynor team

or Find your Nearest Office
Processing...