The new owners of a golf club bought out of administration have revealed plans to invest hundreds of thousands of pounds on improvements.
Struan Investments, the group behind the takeover of Aston Wood Golf Club in Sutton Coldfield, says it will have invested close to £500,000 once its full plans for the club are realised.
Director Mike Willis said work on reseeding the course and repairs to the club house have already started, and more is planned to improve the course.
The sale of the club for £58,000 had been agreed after former owner Aston Wood Golf Club 2000 collapsed – but Mr Wills said that figure did not represent the true level of investment.
He said: “We have come in here and spent £150,000 bringing the facilities back up to scratch and then £70,000 to buy machinery. With the acquisition costs and refurbishment of the course the total investment will be close to £500,000.
“We wish that it had only cost us £58,000 but it is costing a lot more.”
The takeover of the course was completed in August, and Mr Willis said it has since seen members flock back.
Mr Willis said a £29,000 bill for unpaid wages in August and the £55,000 cost of other liabilities, such as green-keeping equipment, has already been met.
In order to encourage new members back the new owners are offering a 17-month subscription for the price of 12 months. More work is on the horizon, including installing energy efficient lighting and eradicating a winter wet area near the 13th green.
Mr Willis said Aston Wood Golf Club, a new company set up to run the course, was well-funded, and the prospects for the club’s future “look extremely good” despite tough economic conditions.