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Struggling family business sold for more than £6m

Latest business news from the Suffolk Free Press, suffolkfreepress.co.uk, @sfpsudbury on Twitter

Latest business news from the Suffolk Free Press, suffolkfreepress.co.uk, @sfpsudbury on Twitter

A family firm, which had been behind plans to build a multi-million pound tourist centre near Nayland, has been sold.

Bunting and Sons, which runs Westwood Park business and hospitality centre in Great Horkesley, as well as Carter’s Vineyards and Horkesley Park Suffolk Punch display team, was placed into administration in October.

Administrator Deloitte was appointed to handle the company’s affairs while the business continued trading and its financial position was reviewed.

The sale of the business and its assets has now been completed by W & H Park Limited, at a cost of £6.3million.

In a statement, William van Cutsem, a director of W & H Park, said: “We are pleased to announce the purchase of the assets and businesses from Bunting and Sons.

“We are looking forward to working with our current clients and attracting new ones to grow our business with.”

Bunting and Sons had failed in its attempts to build a visitor centre at Horkesley Park.

The family-run firm had been trying to create a tourist attraction on 101 acres of land on the edge of the Dedham Vale for 13 years, but a planning inspector ruled against the proposals.

 

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