Begbies Traynor Group

Buyer sought after Welsh golf club goes into administration

Date Published: 14/08/2012

One of Wales’s leading golf clubs is up for sale after going into administration.

Chirk Golf Club – part of Myddelton Leisure Limited – comprises an 18 hole championship course, a nine hole par three course and clubhouse.

Nigel Price and John Kelly, partners in the Birmingham office of insolvency specialist Begbies Traynor, have been appointed joint administrators of the company.

The club, near Wrexham, opened in 1992 and offers membership as well as daily green fees.

Mr Kelly and Mr Price have been tasked with operating the businesses of the club and Chirk Marina whilst a buyer is sought.

Mr Price said that whilst the club had been hit by reduced bookings due to the summer weather, they were hopeful of finding a buyer.

Guy Myddelton, the sole director of Myddelton Leisure Limited, said: “Trading conditions for Chirk Golf Club had been made more difficult this year by the terrible summer weather, which has affected the number of visiting golfers. However, we have a dedicated and growing membership and I hope that we can find a buyer to take the club forward following my investment in it over the last few years.”

Mr Price added: “The club will be offered for sale on a freehold basis, and we believe that this represents a unique opportunity to acquire an established golf club business and its assets, two golf courses and clubhouse – all set within a perimeter of 160 acres of its own land.”

About The Author

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Mark is a Partner based in our Birmingham office, but covers the whole Midlands region. He is a Chartered Certified Accountant and also a Licensed Insolvency Practitioner. He joined Begbies Traynor in 2005 having previously gained his ACCA qualification and now has many years restructuring and insolvency experience. He regularly advises directors, management teams and lenders of insolvency options across a range of different sectors and also frequently prepares independent business reviews.

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