Flood-hit Bournemouth golf course Playgolf facing liquidation proceedings

Bournemouth Echo: Flood-hit Bournemouth golf course Playgolf facing liquidation proceedings Flood-hit Bournemouth golf course Playgolf facing liquidation proceedings

A MAJOR Bournemouth golf course that has been hit badly by the floods is now involved in liquidation proceedings.

But the manager at Playgolf Bournemouth, Riverside, said customers and staff would be unaffected by the company’s financial troubles.

A meeting for creditors of Playgolf Bournemouth Ltd will be held on Monday, under the clauses of the Insolvency Act, which provide for the appointment of liquidators.

But Peter Gilbert, head of operations at Playgolf Management, said the intention was for the parent company to purchase the company out of liquidation.

He stressed the lease for the course was held by a separate company and it was not the facility going into liquidation but the operating business. “Everything’s trading as normal, there’s no effect on customers or members – they’ve all had letters telling them everything will be carrying on as normal,” he said.

He said staff had been trying to boost business at the golf course but their efforts had been scuppered when the River Stour, which runs through the course, flooded before Christmas. That left the entire course unplayable, though the putting green, driving range and restaurant are open.

“We’ve not had the course open since December 20,” he said. “On Christmas Day the river came over the entrance for the first time.

“We had 40 people booked in for Christmas dinner and we had to box up their dinners and hand-deliver them.

“If we can have three to four days of no rain, we can open. We’re pumping 2,400 litres a minute off the course at the moment.”

The meeting will be at 10.45am at the Hilton Hotel in Black Dam, Basingstoke, Hampshire.

Nick Stratten, of accountancy firm Turpin Barker Armstrong, said he could not yet answer questions about the extent of the company’s debts but said the information would emerge at the creditors’ meeting.

He said there would be a meeting of shareholders just before the creditors’ meeting. The meetings would be asked to approve the nomination of a liquidator to wind up the company’s affairs and distribute its assets.

Comments (10)

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12:43pm Fri 21 Feb 14

Itsnot me says...

yurn the flooding into feature lakes on the holes, will make the course a lot harder.
yurn the flooding into feature lakes on the holes, will make the course a lot harder. Itsnot me

1:22pm Fri 21 Feb 14

Dragback says...

I hardly go to this golf course now even though it's right on my doorstep.

For starters it is overpriced to play in comparison to other courses in the area. The driving range has gone down hill, has been poorly maintained, with big areas roped with misfunctioning equipment. The golf lessons were always good though.

It's a shame, I guess there was always going to be a risk as it floods so easily and the drainage is poor. The smell on sewage on the first couple of holes never helped either!
I hardly go to this golf course now even though it's right on my doorstep. For starters it is overpriced to play in comparison to other courses in the area. The driving range has gone down hill, has been poorly maintained, with big areas roped with misfunctioning equipment. The golf lessons were always good though. It's a shame, I guess there was always going to be a risk as it floods so easily and the drainage is poor. The smell on sewage on the first couple of holes never helped either! Dragback

1:32pm Fri 21 Feb 14

muscliffman says...

All sounds familiar in such circumstances "He stressed the lease for the course was held by a separate company and it was not the facility going into liquidation but the operating business. “Everything’s trading as normal....' "

So as is often the case in these complex corporate situations it's just the creditors who are in real trouble!
All sounds familiar in such circumstances "He stressed the lease for the course was held by a separate company and it was not the facility going into liquidation but the operating business. “Everything’s trading as normal....' " So as is often the case in these complex corporate situations it's just the creditors who are in real trouble! muscliffman

3:50pm Fri 21 Feb 14

LordLilliput says...

muscliffman wrote:
All sounds familiar in such circumstances "He stressed the lease for the course was held by a separate company and it was not the facility going into liquidation but the operating business. “Everything’s trading as normal....' "

So as is often the case in these complex corporate situations it's just the creditors who are in real trouble!
Yes indeed. And by the tone of his statement seemed quite smug about the fact that it is 'business as normal' - except of course for all the many people they have no intention of paying due to legal technicalities.

Another shameful example of business people who can't run a business and pass off their unscrupulous debts upon others - quite often the common man who is on 30, 60 or even 90 day invoicing. Integrity? I doubt they could spell the word.
[quote][p][bold]muscliffman[/bold] wrote: All sounds familiar in such circumstances "He stressed the lease for the course was held by a separate company and it was not the facility going into liquidation but the operating business. “Everything’s trading as normal....' " So as is often the case in these complex corporate situations it's just the creditors who are in real trouble![/p][/quote]Yes indeed. And by the tone of his statement seemed quite smug about the fact that it is 'business as normal' - except of course for all the many people they have no intention of paying due to legal technicalities. Another shameful example of business people who can't run a business and pass off their unscrupulous debts upon others - quite often the common man who is on 30, 60 or even 90 day invoicing. Integrity? I doubt they could spell the word. LordLilliput

6:15pm Fri 21 Feb 14

Phixer says...

"But the manager at Playgolf Bournemouth, Riverside, said customers and staff would be unaffected by the company’s financial troubles."

The most dishonest quote of the month. And not challenged by the Ohec. Customers who have paid a subscription will lose money in a liquidation; staff will not get paid and probably lose their jobs.
"But the manager at Playgolf Bournemouth, Riverside, said customers and staff would be unaffected by the company’s financial troubles." The most dishonest quote of the month. And not challenged by the Ohec. Customers who have paid a subscription will lose money in a liquidation; staff will not get paid and probably lose their jobs. Phixer

6:22pm Fri 21 Feb 14

HRH of Boscombe says...

Market it as a new water hazard!
Market it as a new water hazard! HRH of Boscombe

8:09pm Fri 21 Feb 14

Turtlebay says...

Strange wording, liquidation and floods!
Strange wording, liquidation and floods! Turtlebay

9:47pm Fri 21 Feb 14

dylexic bobert says...

Don't make it so expensive to hit a few balls down the range would help.
Don't make it so expensive to hit a few balls down the range would help. dylexic bobert

10:11pm Fri 21 Feb 14

PUZZLED ONE says...

Turtlebay says...
Strange wording, liquidation and floods!

I think that this was a feeble attempt by the 'work experience' people to appear to be amusing.
Turtlebay says... Strange wording, liquidation and floods! I think that this was a feeble attempt by the 'work experience' people to appear to be amusing. PUZZLED ONE

11:18pm Fri 21 Feb 14

wonderway says...

just another thieving git stuff your creditors so they dont get paid set up holding companies to buy back company for sod all and laugh at small busnesses you havestiched up

must be hard to sleep at night if you were a human being

if i was a member i would get out of there so fast

perhaps some one should use his b*lls on practice range with a driver
just another thieving git stuff your creditors so they dont get paid set up holding companies to buy back company for sod all and laugh at small busnesses you havestiched up must be hard to sleep at night if you were a human being if i was a member i would get out of there so fast perhaps some one should use his b*lls on practice range with a driver wonderway

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