Kayboo Limited (07394929): administration
- Status
- Administration ended
- Administration began
- 2016-10-18
- Administrators' firm
- Alllicensed Insolvency Practitioners of HBG Corporate
- Incorporated
- 2010-10-04
- Location
- London
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
East Marsh and Kayboo were incorporated on 22 February 2012 and 4 October 2010 respectively
The Companies traded as the Corran Resort and Spa, trading from Marsh Road, Laugharne SA33 4RS Kayboo acted as the property-owning company, whilst East Marsh acted as the Operating company for the day to day trading of the business
The Companies were incorporated in order to develop and trade the hotel and spa over a three-phase project The three phases were the building and development of three separate areas of hotel accommodation with guests utilising central hotel and spa facilities The business model was to complete each phase in order Funds were to be ratsed for the development of each phase by entering into investor lease arrangements for each bedroom built in each respective phase Returns were to be paid to investors from the trading profits generated from that phase
Administrators' statement of proposals (2017-03-06) · Companies House register