# Deakin Holdings Limited (05981568)

> Why UK company 05981568 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05981568

- **Status:** Administration ended
- **Administration began:** 2015-04-02
- **Administrators:** Mark Malone, William John Kelly
- **Administrators' firm:** Begbies Traynor
- **Formerly:** Mastwait 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- Funding withdrawn / unable to refinance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 financially 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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05981568/filing-history/MzEyNDYyMDE2MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05981568

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