Hotel enters liquidation over electrical bill

Tue, 23 Feb 2016 | BUSINESS NEWS

The directors of the Blue Ivy boutique hotel and restaurant in Colchester, Essex have been forced to appoint a liquidator by a legal petition issued by an electrical company, as reported by the Daily Gazette.

The legal petition was submitted by Edmundson Electrical following a dispute over an unpaid bill. Following the petition the distressed hotel and restaurant on North Hill in Colchester has called in Greenfield Recovery in order to wind up the company.

The Blue Ivy has been open for business since October 2015 following a protracted refurbishment of the premises. Hotel director Carl Blanchette has stated that the distressed business will remain open and that there was no risk of closure, despite the fact that the company is now being voluntarily liquidated.

Mr Blanchette said: “The dispute is with an electrical company which was from when the building work started. We are working through it with the help of our recovery company and there is no threat to the hotel.”

The hotel directors can prevent the liquidation process from taking place by paying off the petition, having a court dismiss it or by entering into an agreement to find an alternative form of insolvency process.

Commenting on a former kitchen porter’s overdue pay, backdating to October, Mr Blanchette said: “When there is a winding up order the company’s bank accounts are frozen which is what is happening while we get through this.”

View the latest UK businesses in administration.


Share this article



Latest Businesses for Sale

Extensive Range of Catering Equipment, Furnishings & Wet Stock (Fast Sale)
UK Wide

Viewing: Wednesday 27 February 2019 between 10am and 3pm. Closing From 10am Friday 1 March 2019.

Asking Price: Offers Invited
Turnover: £500k - £1m

Tyre Services
Fakenham, Norfolk, UK Wide

Tyre specialist offering commercial and agricultural tyres. Major Tyres Ltd with Hankook performance tyres. Offers invited.

Asking Price: £299,950
Turnover: £380,000

LEASEHOLD


Tyre Garage
Midhurst, West Sussex, UK Wide

Busy vehicle tyre changing business, which is in a prime trading location in Midhurst, West Sussex. The business was established by our clients in 1984. Only now is the business being offered to the market, due to our clients’ desire for a well-deser...

Asking Price: £399,995
Turnover: £336,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
21
 
Feb
 

Lakeside hotel enters administration | ADMINISTRATION

A historic but well-preserved hotel located on the banks of ...

 
19
 
Feb
 

Pharmaceutical manufacturer enters administration | ADMINISTRATION

A pharmaceutical manufacturing company based in Bristol has ...

 
16
 
Feb
 

Free guide: 10 Biggest Buyer Mistakes

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

Email


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