Mon, 07 Nov 2011 | ADMINISTRATION
The Llangoed Hall Hotel in Powys, Wales, has fallen into administration, citing the turbulent economic climate.
The four-star, 23-bedroom hotel, which was previously owned by Sir Bernard Ashley, co-founder of homeware chain Laura Ashley, lies close to the village of Llyswen.
The property, which dates back to 1632, has operated as a hotel since 1990, and was sold onto the Von Essen hotel group in 2010 following Sir Bernard's death a year prior. The Von Essen chain fell into administration in April of this year.
Now, PricewaterhouseCoopers (PwC) has been appointed to oversee the administration of Llangoed Hall Hotel Ltd and the Brecon-based Llangoed Properties Ltd.
PwC confirmed that the hotel 'aimed to honour' all booked functions such as weddings, but in the instances where bookings were cancelled, deposits would not be refunded.
PwC's Karen Dukes told the BBC, “Our immediate priority now is to review all options for the company.
“Whilst a buyer for the business is sought, we expect to continue trading and we will look to work with the company's existing management team, suppliers, employees and customers to try and ensure that a solution is found to take the business forward,” Ms Dukes added.
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.