Share with your friends

Administrators of Towcester Racecourse Company Limited confirm sale of assets

Towcester Racecourse Company confirm sale of assets

Following their appointment on 21 August 2018 as joint administrators of Towcester Racecourse Company Limited, Mark Orton and Will Wright from KPMG’s Restructuring practice have confirmed that they have sold certain assets of the company to Fermor Land LLP.


Also on

This brings to an end the day-to-day running of Towcester Racecourse Company by Lord Hesketh. Fermor Land LLP are considering a range of options for the future of the racecourse and hope to be able to make an announcement early in the New Year.

The assets included in the sale are the ten Towcester horse racing fixtures, machinery, equipment, buildings (stands) and dog track located at Towcester Racecourse. Having received a significant amount of interest in the assets, the offer received from Fermor Land LLP represents the best return to creditors.

Partner and joint administrator Mark Orton said: “We are delighted with the sale of the Towcester Racecourse Company assets. I would specifically like to thank the British Horseracing Authority (BHA) for their support during the administration process.”


For media enquiries only, please contact:

Jo Chileshe, KPMG Corporate Communications
T: +44 (0)121 232 3343
M: +44 (0)7919 211 803

Follow us on twitter: @kpmguk

KPMG Press Office: +44 (0)207 694 8773

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff.  The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and territories and has 200,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

© 2020 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us


Want to do business with KPMG?


loading image Request for proposal