From the
https://www.kentonline.co.uk By Emily Stott, 15 June 2015.
Baypoint Club in Sandwich calls in administrators after winding up order.
A leisure centre has gone into administration and will now be sold, due
to a lack of membership.
Baypoint Club in Sandwich appointed administrators Garry Lock and Ian
Cadlock, partners at Quantuma, on Thursday, June 4.
The leisure centre has faced financial difficulties for the last few
years and Quantuma came in as a result of a threat of winding up - a
court order which forces a company into compulsory liquidation.
Baypoint has been purchased by Ramac Group.
The administrators say during the last four years the owner Tony
Harrison has made significant investment to the former Pfizer Social
Club in Ramsgate Road, but has been unable to make a profit.
Garry Lock, partner at Quantuma said: “Despite a huge amount of
investment in the club to update the facilities, membership levels for
all aspects of the club have not reached sufficient levels for
profitable trading.
"Certain costs have already been restructured enabling the business to
continue to trade for the foreseeable future.
“The business and the surrounding area has considerable potential. We
are exploring a number of options in order to maximise this potential in
order to secure the long term future of the club.”
Baypoint has state of the art gym equipment, four football pitches,
hockey pitch, an in-door basketball court, squash courts, a 3G football
pitch and a children’s nursery.
It also hosts weddings and a music festival in August.
Last week the Mercury reported the financial figures for 2014 on the
Companies House website. This shows the club is more than £1.7 million
in debt and has a net worth of minus £936,850.
Speaking last week, Mr Harrison said: “Baypoint is and will remain
open.”
The business is also being marketed for sale and any interested parties
should contact roland.cramp@lsh.co.uk.
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