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 Mary Currie-Smith and John Kelly, of business recovery and insolvency specialists Begbies Traynor, appointed as liquidators.
Mary Currie-Smith 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.
Mary, who is a licensed Insolvency Practitioner, has been advising the stakeholders of owner managed businesses for over 25 years. Mary started at Stoy Hayward, London in 1983 before moving to KPMG in Cambridge. She then spent 12 years at a local independent firm . On 1 May 2009 Mary launched the firm's new Cambridge office.
As well as dealing with all types of rescue and recovery procedures, Mary also specialises in members' voluntary liquidations and S.110 reconstructions.