Bewl Valley Sailing Club Limited (01430643): administration
- Status
- Administration ended
- Administration began
- 2015-07-16
- Incorporated
- 1979-06-18
- Location
- Brighton
- Industry
- 93199 Other sports activities
Why it went into administration
- Property / lease costs
- Cash flow / liquidity pressure
From the administrators' statement
The club was formed in 1967, and was incorporated by guarantee on 18 June 1979, accordingly the company has no shareholders but a large number of members The company traded as a members’ club providing dinghy sailing and windsurfing to club members In recent years the company provided training courses to increase income. The company operated from leasehold premises at The Sailing Club, Bew! Water, Lamberhurst, Kent, TN3 8JH at an annual rent of £159,775
The Vice Commodore, Trevor Spink, was the sole director of the company following the resignation of Peter Wibroe as a director in May 2015 Mr Spink was a member of the committee and was assisted by the flag officers in running the company’s business The company's membership has been in decline in recent years with the number of members this year being as few as 700, compared to in excess of 1,500 in previous years. The decline has been attributed to the economic downturn and the severe drought in 2012 which prevented many members from sailing
In recent months the company has been experiencing cash flow difficulties caused by a decline in the number of members and the burden of maintaining quarterly rent payments The company attempted to make changes in order to increase the membership and improve cash flow, but the steps taken were unsuccessful and membersnip continued to decline
Administrators' statement of proposals (2015-09-18) · Companies House register