Madiran Limited (03059709): administration
- Status
- Administration ended
- Administration began
- 2013-01-21
- Administrators' firm
- Kroll
- Formerly
- Madiran Hotels Ltd; Tpot Productions Limited
- Incorporated
- 1995-05-22
- Location
- Manchester
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- Sustained trading losses
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
Statutory information on the Company and a summary of Its financial history is included at Appendix 1
The Company operated as a hotel, bar and restaurant and traded as “The Hoops Inn” in North Devon The hotel was acquired by the Directors in November 2004 and comprises 13 bedrooms
The Company operated a merchant bank facility with Barclays and a current account held with Santander Furthermore, the Company has a loan in place with Santander, which is secured over the fixed and floating assets
Administrators' statement of proposals (2013-03-14) · Companies House register