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
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
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