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
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Lakeside hotel enters administration

Lakeside hotel enters administration

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.


Share this article



Latest Businesses for Sale

Provider of Yacht Refit and Surveying Services
UK Wide

Specialises in yacht refits and surveying, providing exceptional service and high levels of efficiency for international clients. Benefits from a wealth of industry-specific experience, with its expertise encompassing a variety of vessels, including...

Asking Price: Offers Invited
Turnover: £6,900,000

FREEHOLD


Ecommerce Bee Keeping Supplies and Equipment
East Midlands, UK

This is an opportunity to acquire a market leading supplier of beekeeping equipment, clothing, accessories and advice. This socially responsible business has demonstrated impressive and consistent growth since inception. The business enjoys rep...

Asking Price: £650,000
Turnover: £1,700,000

LEASEHOLD


Supplier & Installer Of Pools
UK Wide

This company specialises in the design and installation of a variety of bespoke swimming pools, spa pools, saunas, and steam rooms; it is now for sale.

Asking Price: Offers Invited
Turnover: £2,499,999

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
12
 
Aug
 

Aviva to complete Succession acquisition and support further consolidation | BUSINESS SALE

Aviva is poised to complete its acquisition of wealth manage...

 
11
 
Aug
 

Flotek acquires Swansea-based legal and professional services IT provider | BUSINESS SALE

IT and Managed Service Provider (MSP) Flotek has acquired Sw...

 
10
 
Aug
 

Nursing homes operator targets more acquisitions with new funding | BUSINESS SALE

Churchlake Care, a national provider of residential and nurs...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
22
 
Aug
 

Welsh technology firm plunges into administration | ADMINISTRATION

Thought to be one of the country’s leading ICT supplie...

 
17
 
Jul
 

Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION

A caravan manufacturing business in Preston is on the lookou...

 
10
 
Jun
 

Historic Hull electrical engineering firm enters administration | ADMINISTRATION

An electrical engineering company, founded by William Shuttl...

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


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.