A Huddersfield-based social club is set to close at the end of January as a result of “serious cash flow problems.”
Reputed to being over a century old, Newsome Working Men’s Club had nearly 250 members and offered a variety of social and sport amenities including crown green bowling, snooker and pool.
The club has been receiving the assistance of Begbies Traynor for its orderly winding down.
Peter Sargent, partner at Begbies Traynor in Halifax, said: “Unfortunately, like many social clubs, over the last three years, membership of Newsome WMC has been falling, leading to serious cash flow problems.
“It is sad to see the end of such a long-established and well-loved community facility, with its excellent bowling green, but the club is simply no longer financially viable.”
“On the positive side, the club is currently solvent and also has some valuable assets, so it is likely that all of the known creditors will be paid in full.
“With its club house and bowling green, there are a number of options available to optimise the value of the site.”
The club will hold a meeting on 20 February for its members to vote on whether or not to put it into liquidation.