Commercial Street Hotel Limited (07078144): administration
- Status
- Administration ended
- Administration began
- 2021-05-14
- Administrators
- Allan Watson Graham, Matthew Ingram
- Administrators' firm
- Kroll
- Formerly
- Downing Spare 6 Limited; Downing Planned Exit VCT 9 Limited
- Incorporated
- 2009-11-17
- Location
- Birmingham
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
• The Company has experienced mixed trading results over the years with profits of £147,261 and £484,498 reported in 2017 and 2016 respectively and losses of £440,261 and £171,957 reported in 2019 and 2018 respectively.
• On 23 March 2020, the UK Government mandated the closure of all non-essential businesses due to the Covid-19 (Coronavirus) pandemic. The compulsory measures ceased the ability of the Company to trade and resulted in the Company facing creditor pressure and cash flow problems.
Appointment - Section 4.4
Administrators' statement of proposals (2021-07-08) · Companies House register