Hyatt Regency Birmingham Limited (02135811): administration
- Status
- Administration ended
- Administration began
- 2011-06-24
- Administrators
- Tomislav Lukic, Mark Guy Boughey
- Administrators' firm
- EY
- Formerly
- Otteron Limited
- Incorporated
- 1987-05-29
- Location
- Birmingham
- Industry
- 5510
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The assets of the Company consist of the business and assets of the Hotel, which was originally Local Authority owned In April 1988 the Company contracted with Hyatt UK to operate the Hotel under the Hyatt brand Hyatt UK and the Company signed a formal HMA, lasting for an inital term of 30 years from the formal opening of the Hotel, which took place in 4990, following completion of the construction work In 2002 the shares of the Company were acquired by Mr Asif Bhatia (who became the sole director of the Company) and in 2006 the Company rebanked its loan facilities and moved to Barclays Bank plc
The recent financial results of Hyatt Regency Birmingham Limited are summarised below The last filed accounts for the Company are for the year ended 31 December 2007 Information from management accounts prepared at the Hotel down to GOP has therefore been included for the subsequent three years and for the five months to 31 May 2011 although these figures are not strictly comparable
Type Gross Gross Directors’ Net profit Accumulated
Administrators' statement of proposals (2011-08-22) · Companies House register