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KPMG appointed joint receivers to Coral Beach Club

KPMG Advisory said today it has been named Joint Receivers to the Coral Beach & Tennis Club and Horizons.

Together with the mortgage holder, Swedbank AB New York Branch (Swedbank), 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,” KPMG said in a statement.

Mike Morrison and Charles Thresh were appointed Joint Receivers.

Commenting on the implications of the appointment for Club Members, Mr 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 +1 441 294 2628, by fax on +1 441 295 8280 or by email at andrewshailer@kpmg.bm

The beach at the Coral Beach & Tennis Club (Photo by Akil Simmons)

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Published February 22, 2013 at 1:15 pm (Updated February 22, 2013 at 1:15 pm)

KPMG appointed joint receivers to Coral Beach Club

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