BSR
BSR
  • 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
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / Property management platform faces administration

Property management platform faces administration

Tue, 25 Feb 2020 | ADMINISTRATION

Property management platform faces administration

The parent company of UK property management startup Hostmaker has filed notice of intention to appoint administrators.

Flying Jamon Limited filed the notice with the High Court, giving it until next month to keep Hostmaker afloat.

Hostmaker was founded by former hotel industry strategist Nakul Sharma in 2014. It raised £23 million from investors in two funding rounds, allowing it to expand from London to France, Spain, Italy, Portugal and Thailand.

The company provides homeowners with services including cleaning, concierge and photography for online property listings on sites such as Airbnb.

It offers property owners and landlords the opportunity to let out properties via its digital platform, with Hostmaker outsourcing and managing each booking.

Investors are reported to include Thai property developer Sansiri and Hong Kong real estate investor Gaw Capital.

Hostmaker is reported to have generated sales of £17 million across 2017 and 2018, leading to losses in excess of £20 million over the last three years.

Its most recent accounts from 2018 show that Hostmaker spent £9.9 million and had turnover of £12 million. However, administrative expenses amounting to £16 million led to it making a £14.3 million loss.

The notice of intent filed by Flying Jamon Limited gives Hostmaker ten days to resolve its issues with creditors. Hostmaker says it is in talks with several investors.


Share this article



Latest Businesses for Sale

Business Specialising in Delivering IT, Telecoms & Cyber Security Services
UK Wide

This established UK business specialises in delivering IT, Telecoms, Cyber Security Service for sale is a specialist ISP (Internet Service Provider), providing a complete portfolio of technology services to clients in multi-occupancy commercial prope...

Asking Price: £15,000,000
Turnover: £5,300,000

LEASEHOLD


Group, Stag & Hen Tour Operator
UK Wide

Trading for over 18 years, this e-commerce & telephone service business specialises in stag, hen & group activity breaks. This e-commerce and telephone serviced business is run by a fully trained and self-managed team of knowledgeable individuals who...

Asking Price: £500,000
Turnover: £1,400,000

LEASEHOLD


Hair & Beauty Salon
Kent, South East, UK

The well established business opportunity originally opened its door over 25 years ago, and has been under the current ownership. During that time, they built up an excellent reputation and loyal customer base within the local area.

Asking Price: Offers Invited
Turnover: £340,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
07
 
Feb
 

Marine engineering firm to target M&A after revenue grows 21.5 per cent | BUSINESS NEWS

Marine engineering and warehousing business Shepherd Offshor...

 
07
 
Feb
 

Administrators exploring accelerated sale of telecoms contractor | ADMINISTRATION

Administrators from RSM UK Restructuring Advisory LLP are se...

 
06
 
Feb
 

M&Co brand bought out of administration, but 170 stores still to close | ADMINISTRATION

Scottish clothes retailer, M&Co has been bought out of admin...

Free guide: 10 Biggest Buyer Mistakes

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

Email


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

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Pricing
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.