New Instruction – ‘Project Swing’ Requires Urgent Attention
Story published at 9:33, Wednesday, October 12th, 2016
In conjunction with BTG Financial Consulting, HMH Golf & Leisure have been asked to dispose of this well located golf & country club in East Hertfordshire, including a 27 hole golf course, 15 bay driving range and gym complex, with 856 existing members which has been trading for over 20 years.
The course has undergone an extensive refurbishment programme over the last 8 years but the business has been experiencing cash flow pressure partly because as a result of legacy setup/construction costs and high debt service costs. The company is currently subject to a Company Voluntary Arrangement.
The property extends to circa 210 acres Freehold and includes a Gym, Pro Shop (tenanted), Hairdressers (tenanted), Pilates studio (tenanted), and Physiotherapy room (tenanted).
Latest Annual Turnover was just over £950,000; further information is available on the signing of an NDA and funded offers are invited by close of business on 14th October. It is envisaged that the sale will complete following the administration of the company.
Please contact Tom Marriott MRICS mobile: +44 (0) 7900 672045 email: firstname.lastname@example.org