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.
Turnover and profit has continued to increase during the ongoing Covid-19 pandemic, demonstrating huge potential for expansion. Highly reputable business operating for over six years. Specialises in the design of high-quality, luxury MPV interiors. M...
LEASEHOLD
Offers a wide range of fashionable, chic and affordable clothing items for customers throughout the UK and internationally. Retails its products in sizes 8 to 32, maintaining its price point across the range.
LEASEHOLD
Corporate & Private Events Management Business Multi Venue for Functions, Parties & Weddings Riverside Setting on Superb Luxury Yacht. This opportunity is a quite superb and unique successful event management company that specialises in arranging fun...
|
09
|
|
Apr
|
Topshop flagship store up for sale | COMMERCIAL PROPERTY
Topshop's flagship Oxford Street store in London is dra...
|
09
|
|
Apr
|
Gestamp’s former Washington warehouse hits the market in £6.5m auction | COMMERCIAL PROPERTY
The former Washington base of international car parts manufa...
|
08
|
|
Apr
|
Decorating contractor targets acquisitions after MBO | MBO/MBI
Scottish commercial decorating contractor Bell Group has com...
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