Tue, 28 Apr 2020 | ADMINISTRATION
16 Hospitality, which manages four pubs across Cheshire and Anglesey, has appointed administrators from Grant Thornton UK.
The Wythenshawe-based group’s pubs are currently closed due to ongoing coronavirus-related restrictions and the majority of its employees have been furloughed.
In Cheshire, 16 Hospitality runs The Partridge in Stretton and The Old Hall Hotel in Frodsham. Its beach side Anglesey pubs are The White Eagle in Rhoscolyn and The Oyster Catcher in Rhosneigr.
Sarah O’Toole and Jason Bell from Grant Thornton UK LLP’s Manchester office have been appointed as joint administrators for the business, with the administration taking effect on April 9.
Sarah O’Toole said: “We are hopeful that we can find a buyer for the businesses despite the current challenges facing the pub and hospitality sector.”
16 Hospitality Limited’s most recent accounts are made up to the year ending December 31 2018. At the time, the group had fixed assets of £23,430, slightly down from just over £24,600 the year before.
Its current assets at the time amounted to close to £886,000, up from £586,474 in its 2017 accounts, while its net assets stood at £19,476. The company’s directors chose not to disclose the group’s profit and loss accounts within those financial statements.
View the latest distressed UK businesses here.
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...
FREEHOLD
Offering high quality marquees with a wide range of sizes. This offers a huge amount of flexibility which allows the company to cater for whatever customers require, from a small marquee in the back garden, to a marquee village, or perhaps catering f...
LEASEHOLD
A highly successful tour operator and travel agency trading for over 40 years. Offers bespoke travel and tourism packages for the benefit of private, corporate and commercial clients. Specialises in travel to Latin America and the Middle East. A full...
LEASEHOLD
20
|
May
|
Administrators seek buyer for gourmet instant noodle brand | ADMINISTRATION
Bournemouth-based instant foods brand Mr Lee’s Pure Fo...
19
|
May
|
Knights continues acquisition-lead growth strategy with £11.5m deal for law firm | BUSINESS SALE
Legal services company Knights has acquired Portsmouth-headq...
18
|
May
|
Insolvencies forecast to surge 37 per cent in 2022 as inflation hits 40-year high | BUSINESS NEWS
Businesses in the UK look set to come under continuing press...
Sign up to receive our acquisition alert emails to get your FREE guide
22
|
Oct
|
Merseyside glazing firm falls into administration | ADMINISTRATION
Merseyside-headquartered door and window manufacturer Total ...
13
|
Oct
|
Recycling group acquired out of administration | BUSINESS SALE
The Doncaster-based Universal Recycling group of companies h...
09
|
Sep
|
Commercial vehicle firm acquired out of administration | BUSINESS SALE
Warrington-based Mercedes Van and Truck dealership Roanza Lt...
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