Tue, 28 Apr 2015 | ADMINISTRATION
Blakeborough Sports and Social Club is being liquidated after failing to pay a £55,000 debt to HM Revenue & Customs.
A team from Begbies Traynor have been appointed as the liquidators of the club to sell off its assets in an effort to raise the funds required to meet the debt.
This latest issue is not the first financial problem the club has faced. In 2008 the club decided to sell the Albion bowling club to settle debts. Legal costs were incurred in order to deal with opposition from members, but despite the group eventually gaining permission for the sale it never went ahead.
Now the club's hand has been forced and the liquidators have been brought in. Peter Sargent, partner at Begbies Traynor in Halifax and joint liquidator along with Richard Kenworthy and Nick Reed, commented: “While it is sad to see the demise of a much-loved and longstanding local amenity, the club has considerable assets in the form of the main clubhouse, a bowling green and Brighouse Town’s football ground, which it leases to the football club."
He added that agents will be instructed to secure the sites and advise on the sale, noting that Begbies Traynor is “confident that the sale of the assets will raise sufficient funds to pay the club’s creditors”.
The liquidation is proceeding over the course of the next week and any interested buyers are advised to get in touch with the liquidators.
View more insolvent businesses, or check out other company assets for sale from companies in liquidation.
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