# The Waterside Hotel and Galleon Leisure Club Limited (02914950)

> Why UK company 02914950 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02914950

- **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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Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02914950/filing-history/MzA1NDAyOTk5MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02914950

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