Brompton Hotels Limited (06864545): administration
- Status
- Administration ended
- Administration began
- 2013-01-04
- Incorporated
- 2009-03-31
- Location
- London
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The Company was incorporated in 2009 specifically to acquire the leaseholds of three hotels. Ashok Ummat was appointed Director, who had over 30 years’ experience of operating hotels. These three hotels had previously been operated by Folio Hotels Limited (‘Folio’) and managed by Bespoke Hotels before Folio were placed into Administration
Two of the three hotels were making losses, but the Director’s were assured by the Landlords, Washington Hotels (No22) Unit Trust (‘Washington’), that the hotels had previously been profitable locations, however the downturn of trading was due to the poor management by Bespoke Hotels and the Administration of Folio.
With the expected upturn in the economy, on the basis that the recession would last no longer than two years, an escalating rental was proposed by Washington, particularly due to their past experience seemed reasonable to the directors.
Administrators' statement of proposals (2013-03-13) · Companies House register