Mike Morrison and Charles Thresh of KPMG Advisory Limited were today [Feb 22] appointed Joint Receivers to the Coral Beach & Tennis Club and Horizons.
Together with the mortgage holder, Swedbank AB New York Branch and their agents, the Joint Receivers are currently taking steps to find a suitable purchaser for both the Club and Horizons.
The Joint Receivers intend to continue the operations of the Club without interruption, and will continue to work with Club management, employees and suppliers to ensure as little change as possible throughout this period.
Commenting on the implications of the appointment for Club Members, Charles Thresh said: “We understand that the past year has been a time of uncertainty for the Club. It is our hope that a new purchaser will be able to provide a prosperous future for the Club.”
Creditors, suppliers and/or potential purchasers should contact Andrew Shailer on 294 2628, by fax on 295 8280 or by email at firstname.lastname@example.org
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