Primero Management Limited (05889706): administration
- Status
- Administration ended
- Administration began
- 2012-11-12
- Administrators
- Gary Paul Shankland, Kirstie Jane Provan
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2006-07-28
- Location
- London
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 28 July 2006 and operated under a franchise agreement as a ‘Comfort Inn’ hotel located at 6-8 Manne Parade, Clacton-on-Sea, Essex, CO15 1RD (‘the Hotel”) The Hotel is situated on a prominent site close to Clacton-on-Sea town centre and the main attractions on the seafront promenade
The Hotel 1s a detached Victorian property and ts currently configured as a 50 bed hotel with a restaurant and function suite
Following a number of breaches of the Companys loan account with its secured lender, Licensed Solutons Limited (“LS”) were instructed to carry out an operational review of the business
Administrators' statement of proposals (2013-01-10) · Companies House register