Deak Inns Limited (05981565): administration
- Status
- Administration ended
- Administration began
- 2015-04-02
- Administrators
- Mark Malone, William John Kelly
- Administrators' firm
- Begbies Traynor
- Formerly
- Grasstent Limited
- Incorporated
- 2006-10-30
- Location
- Birmingham
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
In the spring of 2007 Donald Deakin bought the Elan Hotel in Rhayader for £425,000
A holding company Deakin Holdings Ltd was set up to own the property and a trading company Deak Inns Ltd was set up to operate the hotel
The hotel operated at a loss for 18 months and was financtally supported by Donald Deakin (the director and shareholder) The hotel was very dated and unappealing to modern customers The director decided that during the winter of 2009 the hotel should be totally renovated and modernised Over the winter the director invested around £200,000 on these works
Administrators' statement of proposals (2015-06-05) · Companies House register