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Ian Neale Construction Group Limited – in liquidation

News, Uncategorised

John William Rimmer and Peter John Windatt were appointed as Joint Liquidators of Ian Neale Construction Group Limited (“the Company”) on 21 May 2013. Whilst the Company did not trade, it did operate as a holding company for a number of subsidiaries and owned the land and stadium situated at Triton Showers Community Arena, Liberty Way, Nuneaton. The Joint Liquidators are currently acting as landlords of the stadium which is leased to Nuneaton Town Football Club on a ten year lease of which eight years remain.

Fans, players and other stakeholders should not be unduly concerned as it is intended that the lease will continue to operate as normal and that there will be no evident change to Nuneaton Town Football Club. The Joint Liquidators’ primary duty is to identify and realise assets for the benefit of creditors. In doing so, in the medium to long term, it is intended that the Joint Liquidators will look to sell the freehold of the land and stadium, with the existing lease to the Football Club remaining in place.