The Flying Club Kemble suspends all trading
The Flying Club Kemble (PropStar Flight Training Ltd) – not to be confused with the Kemble Flying Club – has suspended all trading following "a number of material changes" which have rendered the business unsustainable.In a bid to minimise the losses, the directors decided to cease trading with immediate effect and seek appropriate insolvency advice.
Amongst the material changes they cite as contributing factors in the company's closure are rising Avgas prices throughout 2011; a reduction in Kemble airfield's licenced opening hours during the summer; and the recent resignation of two officers of the company.
In a statement posted in their office window , Director Edmund Hewertson says, "Through the efforts and hard work of our staff the membership of the club has increased, but those choosing to fly have done so less and less frequently. The net effect is that the company will become insolvent in the very near future and with this knowledge it is only correct that the directors take the appropriate action now.
"Clearly this will come as a disappointment to many of you, particularly those who are owed money. Please be assured that all efforts are being made to resolve this situation and a further announcement will be made in due course. During this period of suspension the directors will be unable to comment on individual creditor positions but can be contacted by email via email@example.com.
All other schools and clubs on site at the airfield appear to be running as normal.