Stockport hotel and country club enters administration

Fri, 21 Mar 2014

The Stockport-based Bredbury Hall hotel and entertainment complex has gone into administration with debts of £12 million, it has been announced this week.

The hotel and country club, which is set in seven acres of Goyt Valley parkland a couple of miles from Stockport town centre, consists of a 150-room hotel, a restaurant, a nightclub and a conference centre. It appointed Duff and Phelps as administrators on Tuesday after it began making a loss having become burdened with large debts.

Administrators have stated that the company will continue to trade as normal while a full review is conducted and options for Bredbury Hall’s future are assessed. Last year the hotel, which opened in 1812, recorded a loss of over £500,000, according to its annual accounts, while it is reported that the complex is struggling with £12 million of debt.

However, the hotel and club is said to still be doing good trade; its losses last year came as a result of the £1 million it paid in interest – Bredbury Hall actually made a profit of £468,000, up from £352,000 in 2012.

Manchester’s millionaire Flood family had owned Bredbury Hall until 2010. The current owner, Stephen Finch, has called in Sarah Bell and David Whitehouse to act as administrators on behalf of the restructuring firm Duff and Phelps.

Sarah Bell said: “We can confirm that in conjunction with our appointed agents we are conducting a full financial and operational review of the companies and that whilst this is undertaken Bredbury Hall is still open for business and trading as normal.”

Related information:
A hotel in the Lake District has also been put up for sale.

Profit from buying a distressed business

Subscribe today to read and search all our news, premium articles, business sale listings and buy/sell resources.

Latest Businesses for Sale

Printers/ Stationers - Andover, Hants

Asking Price: 
Turnover:  £640,000

Digital printing specialists, commercial and retail stationers, lithographic printing and various ancilliary services. Freehold retail shop and long leased factory unit. Sale price includes all equipment and properties. NP £80k...

Hotel Accommodation - Folkestone

Asking Price: 
Turnover:  £500,000
Location: South East

Three Victorian houses joined together to form a luxury 8,500 sq. ft. facility. Includes reception, two lounges, four dining rooms, 16 en-suite bedrooms, music room, two kitchens, conservatory, bar, sauna, hot tub and more...

Suppliers of Souvenirs - Derbyshire

Asking Price: 
Turnover:  £1,200,000
Location: East Midlands

With over £60k worth of trading, the company has a very reputable name within the tourist and leisure market. Excellent potential...

View More Businesses for Sale >>