Thu, 23 Feb 2017 | ADMINISTRATION
Joint administrators are seeking a buyer for two hotels after the parent business Abbot Grange Ltd entered administration.
The hotels, both located in the Midlands, are being traded as normal while the administrators look to sell the business. Matthew Ingram and Sarah Bell, insolvency practitioners at Duff & Phelps, were brought in on 16th February 2017.
The Dovecliff Hall Hotel in Stretton is a grade-ll listed Georgian manor house that traces its roots back to 1790 when it was built for a local well-to-do family, while The Bridge Hotel in Thrapston, Northamptonshire, is newer with 15 bedrooms.
Customers who have bookings with the hotel need not be concerned about the proceedings, with administrator Mr Ingram stating: "We are aware that a number of people have weddings and other celebrations booked in advance at the venues and have been in touch with those parties to assure them of the commitment to honour bookings that have been made."
And regarding the sale: “These are established venues and present an excellent opportunity for an ambitious and visionary operator. I am optimistic that we will have positive developments to report in the near future.”
The business last reported total fixed assets of £2.67 million.
Buyers can make contact with the administrators here
The wholesale business has an established trading history and has built up a strong reputation and a loyal customer base. Business is drawn from a wide demographic of clients with a good spread across different business sectors.
This is a unique opportunity to acquire a company specialising in luxury performance cycle clothing, utilising the finest specialist fabrics and cutting-edge construction techniques.
A leading internet-based provider of customisable and curated beauty box services. Over the last decade, the business has evolved from a premier subscription service to a leading internet-based provider of highly attractive and rapidly expanding beau...
WEB-BASED
11
|
Jul
|
Holiday letting agency acquires Cornish self-catering holiday specialist | BUSINESS SALE
Travel Chapter, a leading UK holiday letting agency, has ann...
11
|
Jul
|
Power services firm set to be acquired by US energy resilience group | BUSINESS SALE
The Wilmott Group Limited, a power services group with opera...
11
|
Jul
|
Dunfermline vehicle manufacturing services firm enters administration | ADMINISTRATION
A specialist manufacturing business based in Dunfermline has...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.