Feversham Arms Limited (04791399): administration
- Status
- In administration
- Administration began
- 2025-03-06
- Administrators
- James Sleight, Oliver Collinge
- Administrators' firm
- PKF
- Formerly
- Harrowell Shaftoe (No.82) Limited
- Incorporated
- 2003-06-08
- Location
- Leeds
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated as Harrowell Shaftoe (No. 82) Limited on 8 June 2003. The name of the Company was changed to Feversham Arms Limited on 11 September 2003. The purchase of the hotel premises in Helmsley by the Company occurred in January 2004.
We understand the purchase was initially funded by the Royal Bank of Scotland plc (RBS) who obtained security in the form of a debenture and legal charge over the assets of the Company in 2003. These charges were satisfied in 2005 when Skipton Building Society (“SBS”) became the Company’s primary lender. SBS subsequently introduced further funds to facilitate substantial construction work to expand the hotel in the late 2000s.
It is understood that in subsequent years the Company built up significant debt to HMRC in respect of VAT and PAYE, as the business was unable to generate sufficient cash to meet its debt service obligations.
Administrators' statement of proposals (2025-05-09) · Companies House register