United Kingdom

Details

  • Service: Advisory, Transactions & Restructuring
  • Type: Press release
  • Date: 03/12/2013

Administrators appointed to Maray Properties Limited 

 
Paul Dumbell and Brian Green of KPMG’s Restructuring practice in Manchester were appointed joint administrators to Maray Properties Limited on 28th November 2013. The Chester-based company held a number of property assets, including the Northop Golf Course and Country Club.

 

Immediately upon appointment, the administrators sold the Northop Golf Course and the clubhouse to Baling Wire Products Limited and Woodard and Falconer Pubs Co. Limited respectively.

 

Paul Dumbell, joint administrator and director at KPMG, said: “Following a significant decline in membership fees at Northop Golf and Country Club, the business ran into significant cash flow problems.

 

“We are delighted to have completed these two deals which have secured the jobs of all members of staff at the Club, and which ensure operations continue for the 250 Golf Club members and the 280 people with gym memberships at the Club.”

 

-          Ends -

 

Creditors should please contact Nikolay Nedyalkov on 0161 246 4445

 

For press queries on the administration, please contact:

 

Katy Broomhead, PR Manager KPMG

katy.broomhead@kpmg.co.uk

Tel: 0161 246 4623 / 07824 537963

KPMG Press Office: 020 7694 8773

 

About KPMG

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.

 

 

Share this

Share this