BayPoint Sport Centre enters administration

Wed, 17 Jun 2015 | ADMINISTRATION

Financial difficulties have forced BayPoint Sports Centre in Sandwich into administration.

The club has been trading for four years and at the moment is still trading while the administrators from Quantuma Partners assess the situation. Reports have indicated that the club is more than £1.7 million in debt, which is having a detrimental impact on its net worth.

Tony Harrison, owner of BayPoint, spoke to the Thanet Gazette: “I have invested a lot of money in making the business strong and viable for the future and we have just come up short. We are going to restructure the company. We are looking at the long term future and we are still open for business as normal. The administrators have had a look at the business and have seen we are worth saving. They think it's viable."

Gary Lock, a partner at Quantuma, added that the club's problems relate to the fact that membership has not reached “sufficient levels for profitable trading”. He added that by restructuring the company the team have managed to allow the business to continue trading for the foreseeable future while the administrators explore the options for the long term future of the premises.

The BayPoint club is located on an 18-acre site and employs between 20 and 30 people. It boasts four football pitches, a hockey pitch, state-of-the-art gym equipment, an indoor basketball court, children's nursery and squash courts.

Contact the administrators

View the latest businesses in administration.

Share this article

Latest Businesses for Sale

Outsourced HR Solutions for SMEs
UK Wide

This is an opportunity to acquire a full-service HR consultancy. Built upon a recurring revenue model the business has enjoyed sustained growth, offers significant opportunities to scale and a strong ROI model. Offers invited.

Asking Price: Offers Invited
Turnover: £600,000

Builders Merchant: Hard Landscaping Specialist
Cheshire, North West, UK

In its second generation, this business has supplied hard landscape materials, fencing and other building materials to the trade and individuals for over 40 years. Whether you're re-laying a small path or creating a jaw dropping driveway, this busine...

Asking Price: Offers Invited
Turnover: £683,000


Three Branded Fast Food Outlets
Northern Ireland, Northern Ireland, UK

Assets and goodwill of 3 national fast food outlets of a well-known brand. (May be sold in totality or in lots to suit). Opportunity for purchaser to acquire 3 profitable fast food outlet businesses which will require minimal training upon handover a...

Asking Price: £240,000
Turnover: £701,979


View more businesses for sale

News Search

Latest News


Administrators called in for energy technology firm Faraday Grid | ADMINISTRATION

Faraday Grid, an Edinburgh-headquartered energy transformer ...


Welsh technology firm plunges into administration | ADMINISTRATION

Thought to be one of the country’s leading ICT supplie...


Solicitors Title LLP buys Somerset law firm in pre-pack administration | ADMINISTRATION

Somerset-based law firm, Broomhead & Saul LLP, has been save...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources