From the administrators' statement

Magnum Hatfield Nominee | Limited was part of a corporate investment structure set up by Strategic Investment Management Partnerships in August 2006 S] Hotel Investments Limited (SIHIL) purchased three hotels from Jarvis Hotels Limited in August 2006 under a sale and leaseback agreement The hotels were dual branded Ramada and Jarvis and are located at Gatwick, Hatfield and Sutton Coldfield (Penns Hall)

Two nominee companies were set up for each hotel The Company owns 50% of the legal title to the Hatfield hotel, with the beneficial title being held further up the structure by a separate company

SIHIL raised £14.6 million from approximately 140 individual private equity investors These funds, together with lending from a Lender syndicate comprising Nationwide Building Society and Bntannra Building Society, were used to buy the hotels The purchase price was £73 25 million including costs

Dig into any UK company's accounts

Search a company to fetch every set of accounts it has filed at Companies House, from incorporation to the latest filing. Tagged (iXBRL) accounts are read directly. Older scanned PDF accounts are read with OCR (optical character recognition).

Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
Groups: consolidated figures are used when a group files group accounts

Processing now

Magnum Hatfield Nominee 1 Limited (04290050)

Export CSV