Newquay Restaurant Group Goes into Administration

Administration

Julie Palmer - Regional Managing Partner | July 21st 2009

The group has three businesses in the centre of Newquay - Corkers Uptown bar lounge, the Dolphin Restaurant, and Playland Amusement Arcade. It also operates six residential apartments on the rental market.

The company’s Directors sought the appointment after suffering the effects of two consecutive poor summers’ bad weather on visitor numbers to the resort, in common with many others in the South West. Begbies Traynor are continuing to trade the businesses through the summer with a view to attracting a buyer for the business and assets as a going concern.

The number of employees is being increased from the normal mid-season level of 25, to 40 for the peak six weeks of July and August, and the administrators are confident that given a strong peak period and good weather, the business will represent an attractive proposition to a potential purchaser.

About the author

Julie Palmer

Regional Managing Partner

Meet our Team of Experts

Julie is a law graduate who qualified with Price Waterhouse in 1994. Julie joined Smith & Williamson in 1997 and became a partner in 2001. With Mike Stevenson, Julie set up Middleton Partners offices in Salisbury and Southampton, both of which are now part of Begbies Traynor.

Julie is a member of the Insolvency Practitioners Association and the None Administrative Receivers Association and is a Fellow of The Association of Business Recovery Professionals. Julie deals with all aspects of Corporate Recovery and turnaround work and takes all form of personal insolvency appointments.