Fri, 11 Nov 2011 | ADMINISTRATION
Exclusive Colchester retreat, The Lifehouse Spa, has entered administration, less than one year after it first opened.
The £30 million spa, which employs 157 people, has seen a string of celebrities visit during its year of business. Managing director, Marco Trufelli, said that business just had not been enough to be viable, however, and that the administration had come as a huge disappointment to everyone who has helped sustain the business.
"All [of our] business partners have engaged with the team in trying to make Lifehouse a viable operation, in what has been a very difficult market," said Trufelli.
"The message from the team and the administrators is it is service as usual and they will continue to work with professionalism to ensure the quality of the Lifehouse experience is maintained."
Administrators have been appointed from financial services firm, Grant Thornton UK LLP, and they will be running the business a normal while they carry out a search for a buyer.
The spa is located in 130-acre grounds and has 89 bedrooms, 35 treatment rooms, a gym, swimming pool and other facilities. The staff has been informed of the current situation, but no redundancies have been made, and bookings scheduled for the Christmas period and gift vouchers will be honoured.
A leading dental practice situated in the heart of London, providing exceptional dental care in a comfortable and welcoming environment.
LEASEHOLD
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
Discover a leading innovator in data centre solutions, recognised as a top supplier both in the UK and internationally, with a robust consultancy arm contributing to a growing turnover.
26
|
Jun
|
Building maintenance and repair firm targeting expansion after acquisition | DIVISION SALE
A North Yorkshire-based company that provides maintenance an...
26
|
Jun
|
Fairstone adds 100th firm to Downstream Buy-Out model | BUSINESS SALE
Wealth management firm Fairstone has added the 100th firm to...
26
|
Jun
|
Offers around £5m sought as luxury holiday lodges brought to market | COMMERCIAL PROPERTY
More than 30 luxury holiday lodges at Belton Woods Hotel, Sp...
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.