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.
Specialises in five regionally lucrative fields for recruitment, aiding clients with finding both temporary and permanent candidates working within commercial, industrial, engineering, welding and hospitality sectors.
LEASEHOLD
A commercial cleaning business that is currently operating in Bristol and its surrounding areas. Providing contracted cleaning services to the education, hospitality, industrial and corporate sectors with an ongoing contract pipeline.
LEASEHOLD
Services include, but are not limited to, building testing, certification, assessments and planning reports. Operates nationally, providing its services to circa 500 active clients, 80% of whom provide reliable, repeat business. Benefits from a highl...
LEASEHOLD
|
03
|
|
Dec
|
Halfords to acquire £157m-turnover Axle Group Holdings for £62m | BUSINESS SALE
Halfords Group has announced that it will acquire automotive...
|
02
|
|
Dec
|
Staycation M&A surge continues as Midlothian plans £170m Park Leisure sale | BUSINESS SALE
Midlothian Capital Partners is reportedly exploring a potent...
|
02
|
|
Dec
|
Private equity-backed takeovers stabilise in third quarter | BUSINESS NEWS
The latest Buy and Build Barometer from Rickitt Mitchell has...
Sign up to receive our acquisition alert emails to get your FREE guide
|
22
|
|
Aug
|
Welsh technology firm plunges into administration | ADMINISTRATION
Thought to be one of the country’s leading ICT supplie...
|
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...
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