Pub operator 16 Hospitality appoints administrators

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.


Share this article



Latest Businesses for Sale

Hair Salon
London, UK

This is a fantastic opportunity to acquire an elegant Hair Salon in one of the most fashionable areas of London's West End. This business is well established, with a strong turnover and an experienced team of stylists. It utilises the Shortcuts softw...

Asking Price: £170,000
Turnover: £370,000

LEASEHOLD


Children’s Indoor Activity Centre & Day Nursery
Kent, South East, UK

The day nursery is completely manager run, again with the help of full and part time staff. Children’s activity centre and café / Max capacity c. 300 children/adults. Children’s day nursery registered for 63 and Ofsted ‘Good’. Well presented faciliti...

Asking Price: £700,000
Turnover: £1,162,006

LEASEHOLD


Gardening Business
Herefordshire, UK Wide

This is a very rare opportunity to acquire a very profitable and long-established gardening business operating in and around Herefordshire and the West Midlands (primarily in Gloucestershire, Worcestershire and Shropshire). Offers invited.

Asking Price: £595,000
Turnover: £408,805

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
14
 
Aug
 

Trafford Centre up for sale after Intu administration | COMMERCIAL PROPERTY

Manchester’s Trafford Centre shopping mall is up for s...

 
13
 
Aug
 

Administrators bring three former Shepherd Cox Group hotels to market | DIVISION SALE

Administrators have put three hotels in the North of England...

 
12
 
Aug
 

Baird Group to close stores as CVA is approved | BUSINESS NEWS

Retailer and wholesaler Baird Group, the license holder for ...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
16
 
Jun
 

Northamptonshire theme park enters administration | ADMINISTRATION

Wicksteed Park in Kettering, Northamptonshire, which claims ...

 
23
 
Aug
 

Administrators called in for energy technology firm Faraday Grid | ADMINISTRATION

Faraday Grid, an Edinburgh-headquartered energy transformer ...

 
11
 
Jun
 

Administrators called in for Newport radiator company | ADMINISTRATION

A radiator manufacturer headquartered in Newport, South Wale...

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