The Waterside Hotel and Galleon Leisure Club Limited (02914950): administration
- Status
- Administration ended
- Administration began
- 2012-01-13
- Administrators
- Gary Norton Lee, Paul W Barber
- Administrators' firm
- Begbies Traynor
- Formerly
- Copydegree Limited
- Incorporated
- 1994-03-31
- Location
- Didsbury
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- Creditor pressure / legal action
- Weather / natural events
From the administrators' statement
Following the Company's failure to keep up both interest payments and capital repayments, the Bank instructed BTG Restructuring to conduct a review of the Company's affairs and the Company's ability to recommence both interest and capital repayments
Subsequently Gary Lee and | met with the Management of the Company on several occasions In the months pnor to appointment to discuss the options available to the Bank and the Company As a result of the presentation of a winding up petition by HM Revenue and Customs, the failure of the director to progress a solution for repayment of the Bank's indebtedness, and the Bank’s need to gain control of the detenorating
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Administrators' statement of proposals (2012-03-13) · Companies House register