Numerous weddings are potentially about to be cancelled as a result of the sudden closure of Chewton Place.
The venue, a Georgian Mansion located near Keynsham, Bristol, closed its doors on 19th December after the company that ran it, Aspire Venues Ltd, went into administration.
Tim Ball, partner at the insolvency practitioners instructed to place Aspire Venues into administration has warned couples to “assume the worst” and that it’s unlikely they will be getting any deposits back.
He said in a statement:
“The closure of this insolvent business is very distressing for all concerned and a number of members of the public are affected by the cancellation of future wedding and event bookings and will be receiving letters very shortly.”
“We of course have a great deal of sympathy for those affected by these understandably very stressful circumstances.”
Mr Ball went on to advise those that have placed deposits to contact their insurers or credit card companies to determine if they would be able recover any financial losses that way.
Those with wedding insurance should be able to claim for any lost deposit and possibly any additional costs they might incur as a result of finding a new venue, potentially at short notice. Couples that hadn’t taken out insurance might be able to reclaim any losses from their credit card company (if they paid for the deposit using their card and it was over £100) under Section 75 of the Consumer Credit Act although they wouldn’t be able to claim for any additional costs.
Sadly in these uncertain economic times, venues or suppliers going out of business are an all too common occurrence. In fact, four of the current top ten claims on a wedding insurance policy are related to supplier bankruptcy.
Situations such as these are a clear reminder of why couples should take out a wedding insurance policy early on in the wedding planning process. With premiums starting from under £20, it’s not really much of an additional expense either.
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Please see the full comparison table for all levels of cover available from these insurers.
Update – 16th January 2012
This morning, thisisbath.co.uk is reporting the great news that Bath Racecourse has generously offered affected couples the use of its 300 capacity marquee free of charge. The racecourse is located close to the three wedding venues that went out of business.