Date Published: 22nd August 2014
A nine-hole golf course near Cambridge has been placed into liquidation resulting in the loss of six jobs.
Creative Leisure (Milton) Limited, trading as Milton Park Golf Club, on the outskirts of the city, entered liquidation on 8 August 2014, with Louise Baxter and John Kelly, of business recovery and insolvency specialists Begbies Traynor, appointed as liquidators.
Louise Baxter commented: “Despite a significant level of investment from the directors and shareholders, the company was unable to meet its liabilities as and when they fell due. As a consequence, the company entered liquidation, which has resulted in six employees being made redundant. “
She added that the business had failed due to a decline in the number of both casual golfers and members as a result of competition from other golf courses in the local area, in addition to the economic climate.
The site will be marketed for sale once liquidators have completed their assessments.
Interested parties requesting further information should contact Louise Everill, manager at Begbies Traynor, on 01954 213 420.
Louise, a member of the Insolvency Practitioners Association, R3 and the Institute of Credit Management, joined Taylor Gotham Fry (now the Southend office of Begbies Traynor) in 1993. She deals with corporate insolvency procedures including liquidations, receiverships and administrations.