# Cube Hotels Limited (05092121)

> Why UK company 05092121 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05092121

- **Status:** Administration ended
- **Administration began:** 2014-08-01
- **Administrators:** Stephen Gerard Clancy, Phillip Francis Duffy
- **Administrators' firm:** Kroll
- **Formerly:** Euro Estate Limited
- **Incorporated:** 2004-04-02
- **Location:** Manchester
- **Industry:** 7487

## Why it went into administration

- Sustained trading losses
- Weak consumer demand
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs

## From the administrators' statement

The Company was incorporated on 2 April 2004 and has traded the portfolio of three hotels under the Best Western brand. The Company 1s 50% owned by The Lords Group of Hotels Limited and 50% owned by Kingsley Hotels Limited. These two companies are not subject to

any insolvency process,

Historically, the Company had reported losses since incorporation, with sustained losses being reported from the year ending 30 June 2007 as shown in the following table,

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05092121/filing-history/MzAzNTY3NDU0MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05092121

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.