Begbies Traynor Group

Don Leisure Limited/Don Leisure Holding Ltd

500x250px Aberystwyth Pier.jpg
Date Published: 07/04/2015

John Kelly and Mark Malone of the Birmingham office of business rescue and recovery specialist Begbies Traynor were appointed joint administrators of Don Leisure Limited and Don Leisure Holdings Ltd on 31 March 2015.

The directors of the companies have sought the protection afforded by the appointments from HMRC, which had threatened winding up proceedings for tax that had fallen into arrears.

The two companies that own and operate the Royal Pier, Aberystwyth, suffered during the early part of 2014 from the storms that affected many businesses in the area, and have been affected by poor trading at the beginning of this year.

The joint administrators are considering a number of options for the pier but are intending to keep the business trading as normally as possible. It is a great local landmark, dating back to the Victorian era, and the administrators have already received a variety of offers of support from local contacts.

The business employs more than 100 full- and part-time employees.

Interested parties should contact the joint administrators, John Kelly or Mark Malone, at our Birmingham office.

About The Author

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Mark is a Partner based in our Birmingham office, but covers the whole Midlands region. He is a Chartered Certified Accountant and also a Licensed Insolvency Practitioner. He joined Begbies Traynor in 2005 having previously gained his ACCA qualification and now has many years restructuring and insolvency experience. He regularly advises directors, management teams and lenders of insolvency options across a range of different sectors and also frequently prepares independent business reviews.

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