Sat, 30 Nov 2013 | BUSINESS SALE
Business at Whitworth Hall Hotel in Spennymoor has been saved after Derek Parnaby Cyclones International Ltd bought the business out of administration.
Around 40 jobs have been saved as a result of the acquisition, which will see all staff kept on and existing bookings honoured.
Whitworth Hall entered administration back in October, when Begbies Traynor were brought in to handle the running of the Best Western hotel. The administrators took over the management of the hotel, its two restaurants, conference and banqueting facilities, while placing the business on the market as a going concern with Colliers International.
The buyer is an engineering company that was founded by Derek Parnaby. His son, Adrian Parnaby, has said that he is proud to take on the hall: “I look forward to working closely with existing management to develop the hotel and grounds in the future. We are pleased to be able to maintain the existing staff, and fully intend to honour all existing bookings.”
The acquisition has a personal significance for the buyer as well as until 1997 Derek Parnaby owned Whitworth Hall as a private dwelling.
Begbies Traynor reportedly received more than 30 enquiries from potential buyers of the hall, but Derek Parnaby Cyclones International was seen as the best choice for creditors, staff and customers.
____________________________________________________________________________
Related information:
View the latest businesses in administration
View the latest leisure and lifestyle businesses for sale
This long-established commercial refrigeration business, based in the South East, boasts a well-respected brand and an extensive client list across the hospitality, medical, and marine industries.
This Midlands-based MSP has a proven track record delivering tailored IT solutions to a diverse client base across sectors such as automotive, healthcare, and construction.
An opportunity has arisen to acquire a leading luxury florist company supplying high profile, prestigious clients. Its client list includes luxury brands, film companies, event planners, catering firms as well as corporate and private clients.
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.