Menzies Hotels Limited (02519633): administration
- Status
- Administration ended
- Administration began
- 2013-11-29
- Administrators
- Jane Bronwen Moriarty, Robert Andrew Croxen
- Administrators' firm
- KPMG
- Formerly
- Dalridge Limited
- Incorporated
- 1990-07-06
- Location
- Reading
- Industry
- 70100 Activities of head offices
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
Menzies is a hotel group mvolved in the operation, ownership and leasing of hotels across the UK
The Group has historically had significant Bank borrowings which were a legacy from the orginal acquisition of the Group in late 2006 and the subsequent acquisition of a number of Thistle branded hotel properties
The UK regional hotel market has been very difficult since the onset of the recession in the UK in 2007, only recently showing signs of recovery The Group has found trading extremely challenging throughout the downturn
Administrators' statement of proposals (2013-12-20) · Companies House register