We are seeing an increasing number Working Men’s Clubs / Social Clubs which are struggling.
These organisations rely heavily on membership fees and bar-takings – both of which have taken a battering from the combined effects of the Recession, anti-smoking laws and cheaper alcohol available from supermarkets.
One club we recently helped had been trading since 1915, but the recent years had been too tough for them. Their membership numbers were falling dramatically, despite their best efforts to keep current members and attract new ones.
With the pressure from their creditors intensifying, they sought our advice and it was agreed that their best option was for the company to go into Creditors’ Voluntary Liquidation (CVL).
These cases differ from standard CVLs due to the number of members/shareholders of the clubs and the emotional attachment many of them have to their club – which had once been the centre of the community.
Sadly, it does seem that the days of the busy, vibrant Working Men’s Clubs and Social Clubs are passing into the history books.