Historic English Golf Club To Be Sold After Entering Liquidation
Story published at 12:45, Friday, January 30th, 2015
Dartmoor’s historic Wrangaton Golf Club is to be put up for sale after entering liquidation.
Ian Walker, partner at Begbies Traynor in Exeter, one of the UK’s leading business rescue and recovery specialists, was appointed liquidator of Wrangaton (South Devon) Golf Club Ltd on Thursday, 29th January.
The Club’s website states, “Wrangaton is a unique and picturesque golf course of 9 moorland holes and 9 parkland holes. The men’s course Par is 70 and it is 6065 yards long, the ladies course Par is 71 and is 5248 yards long. The course offers a challenge to golfers of all levels.”
Agents ES Group anticipate that the club, which was formed in 1895, will go on the market for around £500,000.
Mr Walker said: “Following our appointment, formal marketing will begin with a view to finding a new owner of the club. We’re pleased to say that several interested parties have already come forward and I am confident that a buyer as a going concern will be found.
“The club would make an ideal retirement or lifestyle change business, perhaps for someone looking to move to this beautiful part of the world. There is competition from other clubs in the area but I am confident that with the right business plan, this site has the potential to be very successful, with a very supportive membership.”
Formerly an unincorporated members’ club, Wrangaton Golf Club was incorporated in 2013, due to a growing difficulty in finding members who were able to act as trustees.
The club is expected to remain open until at least the end of February during the marketing period. It is also hoped that any purchaser will honour existing memberships, most of which expire at the end of March.
One member of staff has been made redundant.
ES Group www.es-group.com
Wrangaton Golf Club www.wrangatongolfclub.co.uk