Clubhaus bunkered on suspension
12 April 2012
SHARES in debt-laden Clubhaus, the golf and health clubs operator, were suspended at 2 3/4p after it failed to get its accounts in on time. The Aim-listed company blamed the difficulties of getting a court hearing to approve its restructuring plans over Easter.
Paul Davidson, known as The Plumber, holds 8.8%. He hit the headlines over a controversial £6m spread bet on biotech minnow Cyprotex. The wager is now being investigated by the Financial Services Authority. Davidson said he would not take a board seat at Clubhaus until after the results of the probe. Clubhaus will post its plans to shareholders on 10 April.
