# Eastlanco Limited (02778270)

> Why UK company 02778270 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02778270

- **Status:** Administration ended
- **Administration began:** 2011-10-04
- **Administrators:** Tracey Lee Pye, Patrick Alexander Lannagan
- **Administrators' firm:** BDO
- **Formerly:** Cavice Limited
- **Incorporated:** 1993-01-08
- **Location:** Manchester
- **Industry:** 5530

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Competition / price pressure

## From the administrators' statement

The Company was incorporated in January 1993 by the Directors, Steven John Alcock and George Alfred Alcock

The Company purchased The Sireburn Arms Hotel (“the Shireburn”) in Hurst Green, Clitheroe, Lancashire for consideration totalling approximately £475k in July 1993. At the time of purchase, the Shireburn comprised an 18 bedroom hotel, restaurant and bar

The purchase was financed by a loan from Caledonian Bank Plc (“Caledonian”) totalling approximately £425k plus equity from the Directors totalling approximately £50k. Caledonian registered a debenture comprising fixed and floating charges over the Company’s assets in September 1993 as secunty

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02778270/filing-history/MzA0Nzg1NjgyNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02778270

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.