Tue, 30 Jul 2019 | ADMINISTRATION
The Somerset-based Carlauren Group, which owns Grade II listed wedding venue Langdon Court Hotel, has announced that it has gone into administration.
The group owns a number of additional hotels across the country, including the Lambert Manor in the Lake District, and The Woodhouse in Morecombe, as well as many other UK care homes and resorts.
The public announcement was made on 24th July in a letter to clients and customers revealing that the company had appointed administrators, but will make every effort to prevent the move having an impact on the hotels.
Signed by the group's chief operating officer Andrew Jamieson and chief executive Sean Murray, the letter read: "Carlauren Group has instructed administrators. A full update with procedures and next steps will be distributed tomorrow.
"There is no cause for concern as this step is intended to protect all studio owners whilst updating them on the companies past financial trading by an independent third party."
The Carlauren Group is believed to have had financial difficulties for some time, with a petition in place to wind up associated company CHF 3 Limited, which trades from the same address.
The Carlauren also recently cancelled its plans to develop a new luxury hotel and "Ibiza style" beach club on the Isle of Wight. In addition, the Tyndale House care home in Somerset has been closed by the group due to financial losses with only a week's notice, resulting in late payments for many of the home's staff.
The administrators will now search for a new owner for the group, who will have the opportunity to turn the company's large portfolio around.
This is a brilliant opportunity to take on a traditional British pub serving an array of food and drinks, situated in the idyllic Somerset countryside. Its 4 years under present ownership has seen the pub achieve notable success, with a strong financ...
LEASEHOLD
The Company has a long-standing heritage and was one of the first water sports companies to launch in the UK. Now the Company has established itself as a well-known, high-quality brand supplying a range of products in the sector. All products are des...
LEASEHOLD
Multiple award-winning business. Solid range of quality cask ales, bitters, beers, porters and stouts. Strong branding which has local meaning but would have national appeal. Portfolio of distinctive pubs in key locations. Profitable track record, ag...
|
24
|
|
Jan
|
Hawkin’s Bazaar enters administration | ADMINISTRATION
Norwich-based novelty toy retailer Hawkin’s Bazaar has...
|
23
|
|
Jan
|
MBO at Bristol-based media training firm | MBO/MBI
Mentor Media Training has been acquired by lead consultant D...
|
22
|
|
Jan
|
Chelmsford warehouse management firm bought by software provider | BUSINESS SALE
Chelmsford-based warehouse management solutions provider Min...
Sign up to receive our acquisition alert emails to get your FREE guide
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