Recievers have been called in to a Staffordshire golf course following the unravelling of a multi-million pound business empire writes John Revill.
A team from PricewaterhouseCoopers has been appointed to find a buyer for the St Thomas Priory Golf Club, based in Rugeley.
They were brought in after owners – PLM Group – collapsed into insolvency last year.
PLM, which owned commercial properties and engineering firms in south Staffordshire, went bust owing millions.
Now Barclays, one of the creditors, has appointed PwC to recover some of the money owed by PLM, which was owned by Burton-based Paul Mulholland.
GVA Grimley has been appointed the Law of Property Act receivers to collect income and generate money from the sale of PLM's commercial properties.
The golf club, with an 18-hole course and modern club house, is being operated for its 400 members.
The 12 employees, ground staff, assistant professional and bar and restaurant workers, are being retained.
Matthew Hammond and Stuart Maddison of PwC have been appointed joint administrative receivers.
Mr Hammond, a partner, said: "Following the appointment, we will be working with the members, officials and former staff to try and revive activities.
"The club has been the subject of much uncertainty for members following the failure of companies in the PLM Group, and latterly the closure of facilities operated by the club professional.
"We will be working to ensure the golf and other facilities are run in good order, while marketing the club.
"We shall be convening a meeting of members to discuss immediate issues and our plans to continue operating.
"We welcome interest from new members, paying visitors and guests."
Mr Hammond added: "We have had several expressions of interest, from individuals and multiple operators."
"We think the whole process is going to take three to six months, but we hope a sale can bring some future stability to the course.
"All it needs is a bit of TLC."