Fresh start for new team at Southwell Business Park

Dorset Echo: Darren Gadd, Rachel Storey and Merv Turner with council leisure spokesman Council Brendan Webster, right, at the Best of Dorset Show Darren Gadd, Rachel Storey and Merv Turner with council leisure spokesman Council Brendan Webster, right, at the Best of Dorset Show

Southwell Business Park on Portland and its hotel complex are both under new ownership.

Compass Point Estates bought the park from administrators KPMG earlier this month after it went into administrative receivership.

A new company The Portland (Weymouth) Ltd has taken over the running of the hotel complex, now called The Portland Hotel.

Compass Point Estates chief executive officer Lee Paul vowed to concentrate on the ‘business’ aspect of the park.

But he also revealed further plans for the site, including a proposed events showground and new buildings.

Meanwhile new hotel bosses Darren Gadd and Merv Turner are promising a transformed restaurant and more affordable rooms – plus 45 new jobs.

Compass Point Estates specialises in purchasing and developing former Ministry of Defence (MoD) properties – mainly into business parks.

Former MoD employee Mr Paul was aware of Southwell Business Park after acting for former owners Ray Bulpit and Roy Haywood when they purchased it in 1996.

He said Compass Point Estates would seek planning permission for an events showground on the outside of the park. There are also plans to build several new units at the rear of the site and to improve the park visually.

But Mr Paul, who is based in Bournemouth, said focusing on the business side of the park – which will retain its current name – was crucial.

He said: “I think it’s fair to say some people took their eye off the business side and concentrated a little too much on the hotel.

“We’ve found operators to take on that element, leaving us to concentrate on the business side – the workshops, offices and industrial units.”

Further possible improvements for existing tenants include reduced overheads for insurance and utilities charges, Mr Paul said.

Compass Point Estates also hopes to introduce a co-operative of tenants, to enable more shared training between companies.

Mr Paul, who has headed the firm for six years, added: “It’s been a difficult time with the recession, but I think we’re out of the worst.

“Now it’s just a matter of being flexible and cost effective with businesses, allowing them to grow and take advantage of the facilities.”

A KPMG spokesman said: “Southwell Business Park and its subsidiaries went into administrative receivership on March 17. The site was sold on March 18.”

Former Southwell Business Park co-owners Mr Bulpit and My Haywood were unavailable for comment.

Comments (6)

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2:10pm Wed 31 Mar 10

PortlandYoof says...

Nice to see things looking up for the business park again! :-) Good luck guys!
Nice to see things looking up for the business park again! :-) Good luck guys! PortlandYoof
  • Score: 0

6:19pm Wed 31 Mar 10

Stoneman says...

Nice to see this happen only hope these people are more creditable then the last two who owned and ran it. Only thing that bothrs me is the name
The Portland(Weymouth) Ltd WHY ????? Portland IS NOT and NEVER HAS BEEN IN BL**DY WEYMOUTH
Nice to see this happen only hope these people are more creditable then the last two who owned and ran it. Only thing that bothrs me is the name The Portland(Weymouth) Ltd WHY ????? Portland IS NOT and NEVER HAS BEEN IN BL**DY WEYMOUTH Stoneman
  • Score: 0

8:05am Thu 1 Apr 10

Tremendous Eddie Tremendouson says...

Stoneman wrote:
Nice to see this happen only hope these people are more creditable then the last two who owned and ran it. Only thing that bothrs me is the name The Portland(Weymouth) Ltd WHY ????? Portland IS NOT and NEVER HAS BEEN IN BL**DY WEYMOUTH
You're sad! Chill out!
[quote][p][bold]Stoneman[/bold] wrote: Nice to see this happen only hope these people are more creditable then the last two who owned and ran it. Only thing that bothrs me is the name The Portland(Weymouth) Ltd WHY ????? Portland IS NOT and NEVER HAS BEEN IN BL**DY WEYMOUTH[/p][/quote]You're sad! Chill out! Tremendous Eddie Tremendouson
  • Score: 0

6:04pm Thu 1 Apr 10

Stoneman says...

Tremendous Eddie Tremendouson wrote:
Stoneman wrote:
Nice to see this happen only hope these people are more creditable then the last two who owned and ran it. Only thing that bothrs me is the name The Portland(Weymouth) Ltd WHY ????? Portland IS NOT and NEVER HAS BEEN IN BL**DY WEYMOUTH
You're sad! Chill out!
your from The Muff = No Pride , No Heritage and near enuff No Soccer Team Jog - On Sonny
[quote][p][bold]Tremendous Eddie Tremendouson[/bold] wrote: [quote][p][bold]Stoneman[/bold] wrote: Nice to see this happen only hope these people are more creditable then the last two who owned and ran it. Only thing that bothrs me is the name The Portland(Weymouth) Ltd WHY ????? Portland IS NOT and NEVER HAS BEEN IN BL**DY WEYMOUTH[/p][/quote]You're sad! Chill out![/p][/quote]your from The Muff = No Pride , No Heritage and near enuff No Soccer Team Jog - On Sonny Stoneman
  • Score: 0

7:10pm Thu 1 Apr 10

Genghis says...

Stoneman wrote:
Nice to see this happen only hope these people are more creditable then the last two who owned and ran it. Only thing that bothrs me is the name
The Portland(Weymouth) Ltd WHY ????? Portland IS NOT and NEVER HAS BEEN IN BL**DY WEYMOUTH
Now this could have been done for a couple of reasons.
(1) it is the name of the company and reflects their business interests in both Portland and Weymouth.
(2) it's an excellent piece of trolling that has claimed it's first victim.
Now when I read it I took it as being (1) but now I really hope it was (2) just to get the rabbit (sorry, meant rabid) "true" Portlanders frothing at the mouth again.
[quote][p][bold]Stoneman[/bold] wrote: Nice to see this happen only hope these people are more creditable then the last two who owned and ran it. Only thing that bothrs me is the name The Portland(Weymouth) Ltd WHY ????? Portland IS NOT and NEVER HAS BEEN IN BL**DY WEYMOUTH[/p][/quote]Now this could have been done for a couple of reasons. (1) it is the name of the company and reflects their business interests in both Portland and Weymouth. (2) it's an excellent piece of trolling that has claimed it's first victim. Now when I read it I took it as being (1) but now I really hope it was (2) just to get the rabbit (sorry, meant rabid) "true" Portlanders frothing at the mouth again. Genghis
  • Score: 0

12:44am Fri 2 Apr 10

weymouthfox says...

We should not forget that a lot of local people and firms lost money in the collapse of the hotel and the restaurant. It is still a long way from anywhere and I wonder how the new owners will make any money?
We should not forget that a lot of local people and firms lost money in the collapse of the hotel and the restaurant. It is still a long way from anywhere and I wonder how the new owners will make any money? weymouthfox
  • Score: 0

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