# Brooks Hotels and Leisure Limited (05978386)

> Why UK company 05978386 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05978386

- **Status:** Administration ended
- **Administration began:** 2014-06-25
- **Incorporated:** 2006-10-25
- **Location:** Plymouth
- **Industry:** 55100 Hotels and similar accommodation

## From the administrators' statement

The Company was incorporated on 25 October 2006 and has traded as Barclay House Hotel, Trawlers on the Quay Restaurant and The Plough, Duloe Public House

In recent years the Company invested in a building development at Polvellan House This development over ran on cost and time As a consequence significant sums of money were lost when the development was finally sold as a part completed project

The initial finance which was used to fund the development was due for repayment in September 2012 The repayment could not be made from the anticipated sale proceeds and the Company arranged for further bridging finance in order to complete the project This cycle was repeated several times with finance being provided to repay term finance with interest continuing to accrue

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05978386/filing-history/MzEwNTY2MjI4M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05978386

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