Royal Naval Club and Royal Albert Yacht Club Limited (08803953): administration
- Status
- Administration ended
- Administration began
- 2022-03-29
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2013-12-05
- Location
- Ocean Way
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Property / lease costs
- COVID-19
- Energy costs
- Sustained trading losses
From the administrators' statement
The Club was originally formed as a private members facility for former and current Naval personnel approximately 150 years ago. The current premises at 17 Pembroke Road, Old Portsmouth is Grade 2 listed and owned on a freehold basis. It was the amalgamation of a bank and The Three Tuns Tavern, where Admiral Lord Nelson was said to have frequented.
The Club came to its current form in 1971 when the Royal Naval Club and Royal Albert Yacht Club’s amalgamated. This was of shared interest to both clubs as membership numbers had fallen and the Royal Albert Yacht Club has lost its premises in Southsea. The amalgamated club originally had circa 1,300 members and it continued to trade from the Pembroke Road site.
The Club boasts a rich history, including membership by several high-ranking Naval Officers and Military personnel. It also has a collection of fine art and various artefacts of historical significance.
Administrators' statement of proposals (2022-05-23) · Companies House register