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.”
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