Portbyhan Hotel Ltd (04568151): administration
- Status
- Administration ended
- Administration began
- 2012-07-11
- Administrators
- Colin Ian Vickers, Christopher David Stevens
- Administrators' firm
- FRP Advisory
- Incorporated
- 2002-10-21
- Location
- Worthing
- Industry
- 5510
Why it went into administration
- Funding withdrawn / unable to refinance
- Property / lease costs
- Weather / natural events
From the administrators' statement
2.4 The Company operates a hotel at West Looe, Cornwall, PL13 2BU, namely Portbyhan Hotel. It 1s situated on the quayside overlooking the harbour and accommodates 46 guest bedrooms across four floors
22 The directors and shareholders of the Company are Paul Bentley and Claire Bentley 23 Prior to my introduction to the Company, as detailed below, there was no significant sale of assets
24 Santander UK plc “Santander” hold a mortgage over the freehold property known as Portybyhan Hotel the Quay, West Looe, Cornwall. The mortgagors are Paul Bentley and Claire Bentley On 8 March 2012, Santander wrote to Paul and Claire Bentley to advise that, as the mortgage was four months in arrears, the Bank had been left with no alternative but to commence recovery action A formal demand in the sum of £412,656 73 was served on the mortgagors.
Administrators' statement of proposals (2012-08-30) · Companies House register