Craibstone Golf Centre goes into
liquidation
FROM TODAY'S PRESS AND JOURNAL NEWSPAPER
By ROSS DAVIDSON
The company behind a golf course near Aberdeen has gone into liquidation with debts of more than £500,000.
London and Scotland Golf Courses (LSGC), which owns the Craibstone Golf Centre, near Bucksburn, has received a winding-up order after a judge appointed provisional joint liquidators to step in.
It is understood the Clydesdale Bank, which the golf firm owes £500,000, and LSGC director, Stephen Harrod, agreed the company should go into liquidation and successfully applied at the Court of Session in Edinburgh for the order.
Administrators Begbies Traynor have been brought in to try to sell LSGC which is based at Letham Grange, Angus, as a going concern.
The company's only golf course is the centre at Craibstone which was bought from the nearby Scottish Agricultural College in 2006.
According to the golf centre's website, LSGC had proposed to extend the clubhouse and build a driving range and private houses at the site. It said plans had already been submitted and the firm had hoped to start building work at the end of next year's golf season.
The club, which opened in 2000, currently has around 425 members, but this is described as a "limited membership" and there is normally a waiting list, according to the website.
Neil Dempsey, senior insolvency manager for Begbies Traynor in Aberdeen, said: "We are looking to trade the business in the short-term while we endeavour to find a buyer who will be in a position to continue running the centre as soon as possible.
"We would ask any parties interested in purchasing the centre to contact our Aberdeen office as a matter of urgency."
A spokesman for the administrator added the 127-acre, 18-hole course and centre will remain open "for the foreseeable time," and said all five full-time employees have been kept on in their greenkeeping, bar and catering positions."
Iain Buchan is the PGA professional based at Craibstone Golf Centre.
+The next North-east Golfers' Alliance competition is due to be held at Craibstone on Wednesday, January 5.
liquidation
FROM TODAY'S PRESS AND JOURNAL NEWSPAPER
By ROSS DAVIDSON
The company behind a golf course near Aberdeen has gone into liquidation with debts of more than £500,000.
London and Scotland Golf Courses (LSGC), which owns the Craibstone Golf Centre, near Bucksburn, has received a winding-up order after a judge appointed provisional joint liquidators to step in.
It is understood the Clydesdale Bank, which the golf firm owes £500,000, and LSGC director, Stephen Harrod, agreed the company should go into liquidation and successfully applied at the Court of Session in Edinburgh for the order.
Administrators Begbies Traynor have been brought in to try to sell LSGC which is based at Letham Grange, Angus, as a going concern.
The company's only golf course is the centre at Craibstone which was bought from the nearby Scottish Agricultural College in 2006.
According to the golf centre's website, LSGC had proposed to extend the clubhouse and build a driving range and private houses at the site. It said plans had already been submitted and the firm had hoped to start building work at the end of next year's golf season.
The club, which opened in 2000, currently has around 425 members, but this is described as a "limited membership" and there is normally a waiting list, according to the website.
Neil Dempsey, senior insolvency manager for Begbies Traynor in Aberdeen, said: "We are looking to trade the business in the short-term while we endeavour to find a buyer who will be in a position to continue running the centre as soon as possible.
"We would ask any parties interested in purchasing the centre to contact our Aberdeen office as a matter of urgency."
A spokesman for the administrator added the 127-acre, 18-hole course and centre will remain open "for the foreseeable time," and said all five full-time employees have been kept on in their greenkeeping, bar and catering positions."
Iain Buchan is the PGA professional based at Craibstone Golf Centre.
+The next North-east Golfers' Alliance competition is due to be held at Craibstone on Wednesday, January 5.
Labels: GOLF NEWS
posted by Colin |
See story on its own page | Thursday, December 02, 2010
0 Comments:
Post a Comment
<< Home