Tough times spread ‘Christmas fear’ for sports and social clubs

Release Date: 7 December, 2010 Tough times spread ‘Christmas fear’ for sports and social clubs INSOLVENCY specialists are anticipating a surge in the number of sports and social clubs looking for help to avoid catching a business cold this winter. With the festive season on the horizon, experts at Cranfield Business Recovery, in Coventry city centre, said sports and social clubs were increasingly feeling the winter chill and it is working to help many from becoming ghosts of Christmas past. The company has already seen a four-fold increase in the number of clubs approaching it for help to guide them through the ongoing tough economic climate. The state of the economy, social changes, the increase in availability of cheap alcohol, and the impact of the smoking ban have all come under the spotlight as factors contributing to the decline of sports and social clubs. And at a time of year historically when many have been snowed under with party bookings and the focal point for communities, many are now feeling the pinch. Tony Mitchell, managing director of Cranfield Business Recovery, said: “I think nationally we’ve seen sports and social clubs facing increasingly difficult trading conditions which has resulted in a significant number ceasing to trade. Over the festive period, sports and social clubs have traditionally been hives of activity, and although this may well happen this year, January and February will again be a tough trading period. “We have already worked with a number of clubs to help steer them through troubled times and are being approached by many more. Tough times don’t necessarily spell disaster and our aim at Cranfield is to use our expertise and guide sports and social clubs towards the most satisfactory solutions.” - ENDS - Editor’s note:- Cranfield Business Recovery is a firm of insolvency practitioners which employs 12 staff in its Coventry office. At present they are the number one insolvency practice in Coventry. It was set up in November 2001 to offer a professional service to people with corporate, business or personal financial problems and to work closely with professional advisers to assist their clients. The firm is led by licensed insolvency practitioner, Tony Mitchell. It aims to offer a bespoke service in a friendly environment in circumstances that are often difficult and stressful. For further information, please contact: Denise Taylor, Bridge PR & Media Services on tel: 024 76 520025, email: denise@bridgepr.co.uk or Tony Mitchell, Cranfield Business Recovery on tel: 024 7655 3700, email: tony.mitchell@cranfieldbusinessrecovery.co.uk.

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