ALL Seasons Hotels Limited (04544835): administration
- Status
- Administration ended
- Administration began
- 2011-11-18
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2002-09-25
- Location
- Preston
- Industry
- 5510
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The information highlighted has been extracted from the CVA proposal to aid creditors’ understanding to the background of this appointment
“The Company managed and traded three hotels in Blackpool, Lancashire known as The Ambassador, Tiffany's and The Parisienne Previously, the hotels had been managed by David and Susan Johnstone ("the Partnership") however it was resolved that continued trading would be more efficient through a lmited company The Company purchased the trade and chattel assets of Tiffany's and The Parisienne however the freehold of Tiffany's and the Pansienne remains in the Partnership (the Ambassador ts a rented property owned by a third party)
Given the nature of the business and focation of the hotels, trade is seasonal and turnover fluctuates between the summer and winter months Whilst Tiffany's and The Pansienne ran profitably, The Ambassador had been loss making for some time and had fallen into significant arrears with suppliers, the landlord and HM Revenue & Customs (“HMRC”) To improve The Ambassador's trading prospects the Company invested much time and expense into the hotel, including the need to install new kitchen appliances and an extraction fan system following a health and safety inspection In addition, all three hotels required upgrading to meet the new fire safety regulations at a cost of £210,000
Administrators' statement of proposals (2012-01-19) · Companies House register