# MAX Hotels (York) Limited (05404182)

> Why UK company 05404182 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05404182

- **Status:** Administration ended
- **Administration began:** 2012-06-29
- **Administrators:** Colin David Wilson, Timothy John Edward Dolder
- **Administrators' firm:** RSM
- **Incorporated:** 2005-03-24
- **Location:** Milton Keynes
- **Industry:** 55100 Hotels and similar accommodation

## Why it went into administration

- Creditor pressure / legal action
- Property / lease costs

## From the administrators' statement

The Company was a special purpose vehicle established to purchase the long leasehold interest in Royal York Buildings in Brighton in 2005 The Company was part of the Max Hotels group but operated as a separate company The vendor was Brighton and Hove Council who had previously occupied the building as thetr offices The building, despite being Grade II listed property, was in a very poor state Pianning and listed building consent were obtatned in 2006 to convert the building Into 51 hotel rooms with 8 residential apartments

The Company sought a development finance agreement to complete the conversion of the building AIB Group (UK) ple (“AIB”) financed the costs of redevelopment On completion, AIB financed £7 875m against a property valuation of £10 5m

The Hote! opened for trade in the summer of 2008 The Directors initially ran the site with a restaurant and bar, however, this side of the business consistently operated at a loss The Hotel effectively became a rooms-only business, which at best broke even

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05404182/filing-history/MzA2MjQxMzgxOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05404182

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