# Menzies Hotels Intermediary Holdings Limited (05302708)

> Why UK company 05302708 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05302708

- **Status:** Administration ended
- **Administration began:** 2011-06-28
- **Administrators:** Richard Dixon Fleming, Jane Bronwen Moriarty
- **Administrators' firm:** KPMG
- **Formerly:** PMH Acquisitions Limited; Alnery No. 2472 Limited
- **Incorporated:** 2004-12-02
- **Location:** Reading
- **Industry:** 7415

## Why it went into administration

- Funding withdrawn / unable to refinance

## From the administrators' statement

MHIHL 1s a holding company for a group of hotels (together “the Group”) MHIHL owns no tangible assets, its only assets being investments in two subsidiaries and intercompany balances

The Group’s hotel busmess required ongoing funding to support both trading and capital expenditure The existing shareholders were not prepared to provide additional funding as the Group’s assets when valued demonstrated a shortfall against borrowings of circa £98 million

The Bank commenced negotiations with the shareholders to effect a consensual transfer of the shares to an SPV funded by the Bank

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05302708/filing-history/MzA0MTk2NjUwMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05302708

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