VON Essen Hotels 1 Limited (03131400): administration
- Status
- Administration ended
- Administration began
- 2011-04-20
- Administrators' firm
- EY
- Formerly
- VON Essen Hotels Limited; Enjoyoffice (Two) Limited; Speedyglass Limited
- Incorporated
- 1995-11-28
- Location
- Bristol
- Industry
- 5510
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Rising interest rates
From the administrators' statement
VEHL was incorporated on 24 December 2002 and ts the holding company of the Group Attached at Appendix Ais a structure chart for the Group showing VEHL’s subsidiaries VEHL1 was incorporated on 28 November 19985 and it is a PropCo within the Group structure holding hotel properties and investments in respect of six Group entities It also operates the head office function of the Group from leasehold premises at Peasedown St John, near Bath
The Group owned and operated a collection of 28 luxury hotels in the UK and France aimed at high net worth individuals It also offers venues for weddings and high-end business conferences
The hotel estate compnsed 24 freehold and four leasehold properties recorded as assets at
Administrators' statement of proposals (2011-07-12) · Companies House register