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.
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.