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Veetwin Limited (06238114): administration

Status
Administration ended
Administration began
2013-03-12
Administrators
Steven John Williams, Lila Thomas
Administrators' firm
Begbies Traynor
Incorporated
2007-05-04
Location
Preston
Industry
55100 Hotels and similar accommodation

Why it went into administration

From the administrators' statement

The Company operates a hotel/restaurant known as the Dragon Inn from freehold property situated in Crickhowell, Powys

The property comprised a three storey 18” Century Grade Il listed detached property of stone construction with a 2 storey former Coaching House the rear together with a large garden which overlooks Crickhowell Castle, and a car park The property has 15 letting bedrooms together with a contemporary lounge area and function room Ancillary areas include self contained, two bedroomed manager's accommodation, well fitted commercial kitchen, washroom, linen room & cellar

Christie & Co were instructed by the director in January 2012 to commence marketing the property for sale quoting an asking price of £695,000, to include fixtures, fittings & goodwill The director was hopeful of a sale at that level which would be sufficient to discharge the Company's liabilities

Administrators' statement of proposals (2013-05-15) · Companies House register

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Veetwin Limited (06238114)

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