Fri, 03 Aug 2012 | ADMINISTRATION
Kitley House Hotel, an upmarket hotel in Devon, has been placed into administration, after being hit by sluggish trading.
Christopher Norman and Ian Walker from Begbies Traynor have been brought in to the hotel, which trades from a grade 1 listed building with a 500-year history in Yealmpton, near Plymouth in South Devon. It is to continue trading while a buyer is sought to save the hotel and the future of its 40-strong workforce.
The property is a popular wedding and celebration venue, and its gardens are listed as a Devon County Wildlife Site.
Joint administrator Ian Walker commented on the situation to This is Plymouth, “This is a fine hotel with a great deal of potential as well as a good reputation in the luxury hotel market. We will be working extremely hard to find a buyer for the business so that it can continue to serve guests and contribute to the south west’s economy.”
Any customers who have paid their deposits to the hotel are to make contact with the business and all efforts will be made to honour bookings.
The hotel features its own shooting estate, a restaurant and bar, nearby golf courses, and is well located for established walking routes.
An established, award-winning care home with nursing, that is located in a popular East Midlands town and has come to market for the first time so that our client can retire.
For sale a lucrative portfolio of residential care homes conveniently clustered in the Northwest of England, offering residential and dementia care.
A profitable care home with nursing located in an East Midlands town. Well-presented and extended accommodation with 57% of the ground floor bedrooms being ensuite.
03
|
May
|
Three Aberdeen legal firms merge to form all-service provider | MERGER
Three prominent Aberdeen legal businesses have merged to for...
03
|
May
|
BGF-backed asbestos services firm makes third acquisition | BUSINESS SALE
Environmental Essentials, a specialist asbestos services fir...
03
|
May
|
Logistics firm acquires pair of Derbyshire businesses | BUSINESS SALE
A logistics firm headquartered in Preston has acquired a pai...
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.