BSR
BSR
  • Home
  • Distressed Businesses
    • All Distressed Businessess
    • Administrations
    • Liquidations
    • Winding Up
    • Insolvency Advice  New
  • Buy a Business
    • All Businesses for Sale
    • Find a Business for Sale
    • Raising Business Finance
    • Buyer Acquisition Service   New
    • Escrow Service   New
  • Sell a Business
    • Sell Your Business
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / Buyer sought for Liverpool hotel project after developer enters administration

Buyer sought for Liverpool hotel project after developer enters administration

Thu, 25 Mar 2021 | ADMINISTRATION

Buyer sought for Liverpool hotel project after developer enters administration

The company behind plans to build a new hotel in the centre of Liverpool's Baltic Triangle has announced that it has entered administration, with administrators seeking a buyer for the development.

Norfolk Street Hotel & Residence, a subsidiary of the Eliot Group, said in a statement that it has appointed Simon Barriball and Sandra McAlister of HBG Advisory as administrators of the company. The administrators have sent out letters to all known creditors and investors of the company to inform them of the developments.

Commenting on the news, Director of HBG Advisory John Waller said that administrators had spent a number of hours assessing the status of the firm ahead of planning for the future of the development.

"I am optimistic that HBG Advisory, working with the Law of Property Act Receivers will be able to implement a rapid process to ensure this development finds a new owner that is able to complete it within the required timeframes stipulated by planning," he said.

"There are multiple stakeholders here, and our team has already made contact with relevant parties to provide an update and inform them of the next steps to be taken by the joint administrators."

HBG Advisory has confirmed that it will now be working to gauge the value of the development ahead of seeking a buyer.

David Currie, who was appointed joint Law of Property Act Receiver of the development, added: "I appreciate that there is a lot of publicity and sensitivity regarding this site but my role as Law of Property Act Receiver is to maximise values for all concerned and to this end, we have carried out a national marketing campaign as the market is the best barometer of value."


View the latest distressed UK businesses here.

With lockdown set to lift over the coming week, should you buy into the hotel sector?


Share this article



Latest Businesses for Sale

Business Specialising in Delivering IT, Telecoms & Cyber Security Services
UK Wide

This established UK business specialises in delivering IT, Telecoms, Cyber Security Service for sale is a specialist ISP (Internet Service Provider), providing a complete portfolio of technology services to clients in multi-occupancy commercial prope...

Asking Price: £15,000,000
Turnover: £5,300,000

LEASEHOLD


Group, Stag & Hen Tour Operator
UK Wide

Trading for over 18 years, this e-commerce & telephone service business specialises in stag, hen & group activity breaks. This e-commerce and telephone serviced business is run by a fully trained and self-managed team of knowledgeable individuals who...

Asking Price: £500,000
Turnover: £1,400,000

LEASEHOLD


Hair & Beauty Salon
Kent, South East, UK

The well established business opportunity originally opened its door over 25 years ago, and has been under the current ownership. During that time, they built up an excellent reputation and loyal customer base within the local area.

Asking Price: Offers Invited
Turnover: £340,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
07
 
Feb
 

Administrators exploring accelerated sale of telecoms contractor | ADMINISTRATION

Administrators from RSM UK Restructuring Advisory LLP are se...

 
06
 
Feb
 

M&Co brand bought out of administration, but 170 stores still to close | ADMINISTRATION

Scottish clothes retailer, M&Co has been bought out of admin...

 
06
 
Feb
 

Australian firm announced as preferred bidder for collapsed UK battery start-up | ADMINISTRATION

Recharge Industries has been named as the preferred bidder f...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Pricing
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.