Westover Hall Hotel Limited (03062233): administration
- Status
- Administration ended
- Administration began
- 2012-04-10
- Administrators' firm
- FRP Advisory
- Formerly
- Dibden Manor Hotel Limited
- Incorporated
- 1995-05-30
- Location
- London
- Industry
- 5510
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company ts a wholly owned subsidiary of DC Hotels Ltd (collectively “the Group”), which was in turn owned by the directors of the Company. The Company owned and operated the 15 bedroom Westover Hall Hotel (‘the Hotel”) which ts located on the beach front in the village of Milford-on-Sea on the edge of the New Forest in Hampshire The Hotel falls within the ‘boutique’ hotel category It has a two star rosette restaurant and 1s an approved venue under the Marriages Act 1949. It benefits from being within weekend travelling distance of London and attracts leisure customers.
Westover Hall Hotel Limited was the trading company that owned and operated the Hotel and paid monthly fees to DC Hotels Limited to cover financing charges. The directors had many years’ experience owning and running hotels in the surrounding area and they oversaw the day to day management of the hotei.
The Company was funded by an overdraft facility and term !oan of £160k from the Bank However the primary lending of £1,237k was by way of a mortgage to DC Hotels Limited, which was guaranteed by the Company. Companies House has the following security registered:
Administrators' statement of proposals (2012-06-08) · Companies House register