Newquay Restaurant Group Goes into Administration

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.