Three-star hotel enters administration

Fri, 10 Aug 2018 | ADMINISTRATION

Located in Ludlow, The Feathers Hotel has entered administration after suffering trading difficulties due to an outbreak of the legionnaires' disease in 2017 and an investigation by Public Health England (PHE).

Raj Mittal and Steve Stokes, partners at specialist business advisory firm, FRP Advisory LLP have been appointed as joint administrators. All affairs, business and property of the hotel will be managed by the joint administrators.

One of UK's largest specialists in the area of corporate restructuring, FRP Advisory LLP provide restructuring, corporate finance, debt advisory, forensic accounting and pensions services.

Joint administrator, Raj Mittal said: “The Feathers Hotel worked closely with Public Health England (PHE) in the West Midlands and Shropshire to enable a staged reopening of the business. Unfortunately, the impact of the initial closure and restricted trading conditions resulted in severe cash flow difficulties, which led to the company entering administration.

“We’re now working closely with the directors to evaluate all routes forward for the business over the coming weeks.”

During the investigation by PHE, the hotel closed for a short period of time and due to restrictions on trading, experienced severe cash flow difficulties.

The hotel will remain open for business while assessing its future options.

Legionnaires' disease is a form of atypical pneumonia caused by any type of legionella organism and is commonly found within water in the natural environment.

Combining a 17th century coaching inn with the facilities of a modern hotel, The Feathers Hotel includes four poster and luxury rooms with spa bath, a restaurant, a cafe bar with ancillary terrace and free Wi-Fi throughout the building.

The 40-bedroom hotel was put on the market in January for £2.65m.

For more news stories about administrations click here.

For all our administrations listings, click here.


Share this article



Latest Businesses for Sale

Showhome Interior Designers & Furnishers
Cambridgeshire, UK Wide

Established 1981. Enviable reputation. Fantastic trading location. Semi-retirement sale. Offers invited.

Asking Price: £775,000
Turnover: £1,269,946

LEASEHOLD


Industrial Lifting Equipment Hire Business
West Yorkshire, Yorkshire and the Humber, UK

Fantastic 41 year trading history. Closed weekends. A new lease is available on the property. Offers invited.

Asking Price: £100,000
Turnover: £488,148

LEASEHOLD


Glaziers & Installation Contractors
Liverpool, Merseyside, UK Wide

Huge valuable customer base. Large scale projects undertaken. Primarily with Local Authorities, Universities, Hospitals etc. Offers invited.

Asking Price: £199,950
Turnover: £665,161


View more businesses for sale

News Search

Latest News

 
17
 
Jul
 

Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION

A caravan manufacturing business in Preston is on the lookou...

 
16
 
Jul
 

Farsound Aviation sold to AGIC for £115 million | BUSINESS SALE

A supply chain management company operating in the aviation ...

 
15
 
Jul
 

Specialist engineering firm forced to appoint administrators | ADMINISTRATION

Rail contracting company Aspin Group Limited has been forced...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
17
 
Jul
 

Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION

A caravan manufacturing business in Preston is on the lookou...

 
10
 
Jun
 

Historic Hull electrical engineering firm enters administration | ADMINISTRATION

An electrical engineering company, founded by William Shuttl...

 
05
 
Mar
 

Independent bathroom retailer enters administration | ADMINISTRATION

Thought to be the UK’s largest independent bathroom re...

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