A golf course near Banbury has closed after the leaseholders went into voluntary liquidation although it hopes to reopen at a future date under new management.
G&T Partnership, the leaseholders of Rye Hill Golf Club, has ceased trading and has temporarily closed the club, ending the employment of its staff.
Fieldstead Insolvency, which is based in Aylesbury, has been appointed to oversee the firm’s liquidation.
A meeting with shareholders and creditors is due to be held on February 1.
But staff are currently in talks with the landlord and it is hoped the golf course will reopen with new management to be followed by clubhouse improvements.
In a letter to members, Greg Heath, managing director of G&T said: “It is with a heavy heart and a great deal of sadness that I have to tell you that G&T Partnership Limited is entering in to voluntary liquidation.”
He added: “May I take this opportunity to thank you all for your support and I am genuinely sorry to have to exit in this way.”
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