Administrators to seek buyer for golf and country club
Thu, 13 Jul 2023 | ADMINISTRATION
The Skylark Golf and Country club in Skylark Meadows, Whiteley is set to be put up for sale after falling into administration. The club, which features an 18-hole golf course, fell into administration on July 11, with Kroll Advisory appointed to oversee the administration.
In a statement released via its social media pages, the club said: “The joint administrators intend to continue to trade the business as normal whilst a purchaser is sought. As such, members and guests will continue to enjoy the use of the clubhouse, gold course and facilities as usual.”
As well as the golf course, the club also features a grade II listed 18th century barn, restaurant, bar, spa and gym facilities. The hotel is a popular venue for events such as weddings, with the venue having capacity for up to 180 guests and a late license to 1AM on Fridays and Saturdays, midnight from Monday to Thursday and 11:30pm on Sundays.
The club is part of the Just Develop It Group, which, in its group accounts for the year to January 31 2021 (its last available accounts), reported that “the continuing effects of the COVID-19 pandemic did have an impact on the revenues [of] our leisure companies, with Skylark’s revenue reducing by £1.1m compared to the previous year”.
The report continued that the cost of sales had fallen 26.6 per cent from a year earlier, adding that a “large portion of this reduced cost (£340k) is attributable to the golf club which endured a tough trading year due to the pandemic.”
Read about the increase in distress in the hospitality sector.
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