Inner London Hotels Limited (02217387): administration
- Status
- Administration ended
- Administration began
- 2014-06-10
- Administrators
- Geoffrey Lambert Carton-Kelly, Philip Lewis Armstrong
- Administrators' firm
- FRP Advisory
- Formerly
- Mercantile Management Limited
- Incorporated
- 1988-02-04
- Location
- London
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
In the week commencing 2 June 2014 the Bank approached FRP Advisory LLP (“FRP”) for advice in relation to the Group on the basis tt did not belteve the Group had the ability to repay the outstanding amounts due to it Following internal discussions, on 6 June 2014 the Bank served a demand on the Group
With the expiry of the demand, and the debt remaining unpaid, the Bank exercised its security and appointed Michael Healy and I as Joint Administrators of the Companies on 10 June 2014 We understand that Receivers were appointed to other properties within the Group secured by the Bank’s charges FRP 1s not dealing with these properties
Administrators' statement of proposals (2014-08-12) · Companies House register