Date Published: 16th July 2014
A renowned Buckinghamshire golf course has been sold out of administration, saving a dozen jobs and paving the way for a round of significant investment.
Harleyford Golf Club in Marlow, Buckinghamshire, appointed administrators John Kelly and Nigel Price of business rescue and recovery specialists Begbies Traynor on July 2 after the business experienced trading difficulties.
Mr Kelly and Mr Price worked with the previous management team to handle the sale of the business to Harleyford Golf Club Marlow Ltd.
The move means the club’s 12 employees have retained their positions and plans have now been put in place to breathe new life into the course and facilities.
Commenting on the administration, Mr Kelly said: “Harleyford Golf Club is an absolutely superb golf course, which has a promising future ahead of it under new management as there is to be significant investment in the course and facilities, as well as changes to membership options.”
Mr Kelly added that the change of ownership would not affect existing members’ subscriptions.
Mark is a Partner based in our Birmingham office, but covers the whole Midlands region. He is a Chartered Certified Accountant and also a Licensed Insolvency Practitioner. He joined Begbies Traynor in 2005 having previously gained his ACCA qualification and now has many years restructuring and insolvency experience. He regularly advises directors, management teams and lenders of insolvency options across a range of different sectors and also frequently prepares independent business reviews.