Begbies Traynor Group

Statement from the Administrators of Torquay United AFC Limited

Football match
Date Published: 10/05/2024

A sale agreement for Torquay United AFC Limited has been reached with The Bryn Consortium of Michael Westcott, Mark Bowes-Cavanagh, Tom Allen, Rob Hawes and Simon Robinson, subject to creditor approval.
The proposed company voluntary arrangement would see all tax debts and trade creditors paid in full within six months.

Under the terms of the agreement, Torquay United AFC Limited would continue to operate the football club with the new owner becoming the controlling shareholder.

Scott Kippax, joint administrator, and partner at Begbies Traynor’s Exeter office, said:

“This proposal is the best possible outcome for creditors, the club, and the fans. We are delighted to have reached the point of a conditional sale agreement, which would see all tax debts and trade creditors settled in full in a relatively short period of time. It is good news for the long-term future of the club, and we are pleased to be able to present such a favourable proposal to creditors.”

Michael Westcott, the Bryn Consortium lead added: “We are delighted to have provided a positive outcome for all creditors and provided a future for our beloved football club. There is much work to be done in the coming days and weeks, and we will issue a series of updates to supporters next week on the preparations and plans for the forthcoming season.”

About The Author

Meet the Team

Scott is an Insolvency Practitioner and Partner in our Exeter and Truro offices and covers the South West.

Scott has a passion for insolvency work with over 20 years’ experience in both corporate and personal insolvency assignments.  Having built his experience across a range of firms from Big 4 to small boutique, he is very well placed to advise all stakeholders, particularly directors/owners of SME businesses and financial institutions, in cases varying in size and complexity.

He is proud to be from the South West and offers local professional advice throughout Devon, Cornwall and Somerset.

Scott is Licensed by the Institute of Chartered Accountants in England and Wales (ICAEW) and is a Member of the Association of Business Recovery Professionals (MABRP).  In addition, during a 6 year spell in Australia he passed the Insolvency Education Program to become an Insolvency Practitioner down under.

Contact Begbies Traynor Group

Reason for Contact
Key Contact

You're in Safe Hands

  • 35+ Years Experience
  • 100+ UK Offices
  • Confidential director support
  • Insolvency market leader

News Archive