January 29, 2015 at 11:18 pm #1735
We got the following press release through at work today.
Really sad to hear this and hope that someone comes forward. It is a unique and most welcoming club which we can’t afford to lose.
HISTORIC GOLF CLUB TO BE SOLD AFTER ENTERING LIQUIDATION
Dartmoor’s historic Wrangaton Golf Club is to be put up for sale after entering liquidation.
Ian Walker, partner at Begbies Traynor in Exeter, was appointed liquidator of Wrangaton (South Devon) Golf Club Ltd on Thursday, January 29.
Agents, ES Group, anticipate that the club, which was formed in 1895, will go on the market for around £500,000.
Mr Walker said: “Following our appointment, formal marketing will begin with a view to finding a new owner of the club. We’re pleased to say that several interested parties have already come forward and I am confident that a buyer as a going concern will be found.
“The club would make an ideal retirement or lifestyle change business, perhaps for someone looking to move to this beautiful part of the world. There is competition from other clubs in the area but I am confident that with the right business plan, this site has the potential to be very successful, with a very supportive membership.”
Formerly an unincorporated members’ club, Wrangaton Golf Club was incorporated in 2013, due to a growing difficulty in finding members who were able to act as trustees.
The club is expected to remain open until at least the end of February during the marketing period. It is also hoped that any purchaser will honour existing memberships, most of which expire at the end of March.
One member of staff has been made redundant.
Notes for editors:
Begbies Traynor is the UK’s leading business rescue and recovery specialist, providing a partner-led service to stakeholders in troubled businesses. Our national network of offices provides a premium quality service based on individual commitment, knowledge and expertise. We seek out imaginative solutions for the benefit of all stakeholders, whether involving formal insolvency or not, whilst recognising and protecting the rights of each of them.
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