Thu, 21 Feb 2019 | ADMINISTRATION
A historic but well-preserved hotel located on the banks of Lake Windermere has fallen into administration after experiencing a series of financial issues.
The Hydro Hotel, which was established in 1895, has been forced to call in professional services firm FRP Advisory LLP to handle the administration, and have appointed partners Phil Pierce and Paul Whitwam as joint administrators to oversee the process.
The administrators as presently on the hunt for a buyer to claim new ownership of the property and business.
Pierce commented on the administration: “The Hydro Hotel is a beautiful building that is situated in one of the most stunning locations in Britain. The business has huge potential and our focus is now on working with the directors to secure a sale of the hotel and ensure the best possible outcome for everyone involved.”
In the meantime, however, the hotel will remain operational and will continue to trade, with all 32 employees retained until a new buyer is sought.
The Hydro Hotel boasts 78 bedrooms with ensuite facilities, an adjoining restaurant and bar, as well as a conference and meeting rooms for more corporate events. The property also stars a ballroom with a capacity of 150 guests.
The venue reopened its doors in 2017 after a multimillion-pound renovation project had been completed, but was the cause of severe cashflow struggles which forced the business into administration.
Although the joint administrators are already in advanced talks with a handful of interested parties, they are inviting offers from potential buyers with the aim of settling on a sale in the near future.
Click here to view The Hydro Hotel Limited listing for full details.
For more news stories about administrations click here. For all our administrations listings, click here.
A popular food led traditional English Inn which benefits from 9 letting rooms (all ensuite) and well maintained Gardens. It has been under the proud ownership of our clients since 2010 during which time our clients have invested heavily in the busin...
LEASEHOLD
A stunning lakeside bistro with two beautiful holiday lodges and a large three bedroom owners accommodation with a separate one bedroom located in Swadlincote on the Leicestershire and Derbyshire boarder.
FREEHOLD
A traditional Highland Inn, on a site which has offered hospitality to travellers for at least 600 years, the present buildings date from the mid-18th century.
FREEHOLD
18
|
Mar
|
Utilities group Beauparc acquires Sheffield waste management firm | BUSINESS SALE
Beauparc, a Dublin-headquartered utilities provider, has acq...
18
|
Mar
|
Derbyshire flag printing firm set to fall into administration | ADMINISTRATION
A Derbyshire-headquartered flag printing and branding busine...
18
|
Mar
|
Rescue deal saves Blackburn custom clothing firm | BUSINESS SALE
A Blackburn-based custom clothing company that fell into adm...
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.