John Kelly and Mark Malone of the Birmingham office of business rescue and recovery specialist Begbies Traynor were appointed joint administrators of Don Leisure Limited and Don Leisure Holdings Ltd on 31 March 2015.
The directors of the companies have sought the protection afforded by the appointments from HMRC, which had threatened winding up proceedings for tax that had fallen into arrears.
The two companies that own and operate the Royal Pier, Aberystwyth, suffered during the early part of 2014 from the storms that affected many businesses in the area, and have been affected by poor trading at the beginning of this year.
The joint administrators are considering a number of options for the pier but are intending to keep the business trading as normally as possible. It is a great local landmark, dating back to the Victorian era, and the administrators have already received a variety of offers of support from local contacts.
The business employs more than 100 full- and part-time employees.
Interested parties should contact the joint administrators, John Kelly or Mark Malone, at our Birmingham office.
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.