Hope for Wrangaton despite it entering liquidation

Rosemary Ayim
By Rosemary Ayim February 25, 2015 11:15

Wrangaton Golf Club in Devon, which entered liquidation last month, hopes to continue as a golf club despite its current troubles.

04-08 wrangaton peter riou

Wrangaton Golf Club. Image by Peter Riou

 

The spectacular venue, which has nine holes that play over Dartmoor National Park, is to be put up for sale, according to its liquidator.

The 120-year-old club, which was known as South Devon Golf Club until 1922, was incorporated in 2013 after struggling to find members who were able to act as trustees.

Stuart Newberry, representing the club, highlighted the main reason for the situation in the local press in mid-January: “It’s got really difficult with the decline in golf memberships over a number of years, and the club couldn’t keep up with its outgoings.” Despite the club’s best efforts and optimism that liquidation could be avoided, a meeting of the club’s creditors on January 29 resulted in Ian Walker, partner at Begbies Traynor, an insolvency expert in Exeter, being appointed liquidator.

Mr Walker said: “We’re pleased to say that several interested parties have come forward and I am confident that a buyer as a going concern will be found. 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.”

Agent, ES Group, anticipate that the club will go on the market for around £500,000. Philip Gibson, a partner at ES Group described Wrangaton as “an attractive, historic golf course which offers players the chance to play a varied round of golf across open moorland and more traditional parkland. Set within stunning surroundings, Wrangaton offers prospective purchasers the opportunity to acquire a well-known facility just off the main A38 road between Plymouth and Exeter.”

It is also hoped that any purchaser will honour existing memberships, most of which expire at the end of March.

 

Rosemary Ayim
By Rosemary Ayim February 25, 2015 11:15
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