Coast Hotels and Leisure Limited (05070611): administration and why it failed

Coast Hotels and Leisure Limited (05070611): administration

Status: In administration
Administration began: 2025-01-08
Administrators: Damian Webb, Glen Carter
Administrators' firm: RSM
Formerly: Charco 1067 Limited
Incorporated: 2004-03-11
Location: Eastleigh
Industry: 55100 Hotels and similar accommodation

Why it went into administration

Funding withdrawn / unable to refinance
Creditor pressure / legal action

From the administrators' statement

Relevant extracts from the company’s financial statements and management accounts are summarised below:

£000

31 December 2023

Administrators' statement of proposals (2025-03-10) · Companies House register

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Coast Hotels and Leisure Limited (05070611): administration

Why it went into administration

From the administrators' statement

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Coast Hotels and Leisure Limited (05070611)