Shrubbery Hotel Limited(The) (00434157): administration
- Status
- Administration ended
- Administration began
- 2013-02-13
- Administrators
- Simon Edward Jex Girling, Danny Dartnaill
- Administrators' firm
- BDO
- Incorporated
- 1947-04-29
- Location
- Bristol
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- Competition / price pressure
From the administrators' statement
The Company owns and operates the Shrubbery Hotel (“the Hotel”) located in ltmunster, Somerset under the Best Western brand
The Company was incorporated on 29 Apnl 1947, and the Hotel consists of 21 bedrooms, 5 conference suites, a bar and restaurant area, a ballroom, an apartment attached to the property and 2 acres of adjoining land
Like many businesses in the South West, particularly in the leisure sector, recent trading performance of the Hotel has suffered due to a number of factors. Firstly, activity levels have fallen significantly since the economic downturn in 2007, most notably in relation to bustness conferences. Secondly, there has been increased competition from national hotel chains in Taunton. Finally, the directors had planned to reduce the level of debt within the Company by selling the adjoining land with the benefit of planning permission for five dwellings. However, despite permission being granted there remains an issue over access that has prevented a successful sale to date. The lack of cash injection from the sale of the land has been a significant contnbutor to the insolvency of the Company which has been unable to service the level of debt.
Administrators' statement of proposals (2013-04-11) · Companies House register