Prestwich Estates Limited (07583439): administration
- Status
- Administration ended
- Administration began
- 2012-04-24
- Administrators
- Gordon Craig
- Administrators' firm
- Refresh Recovery
- Incorporated
- 2011-03-30
- Location
- Skelmersdale
Why it went into administration
- Energy costs
From the administrators' statement
important Note The information contained in this section has been provided by the Director of the Company and no venfication work has been undertaken by the Administrator
The Company was incorporated on 30 March 2011 and commenced trading in April 2011 from the Fairways Lodge Hotel in Prestwich, Manchester as a 40 bedroom hotel, through a lease held in the name of Steven McCloughlin The Company purchased the assets which consisted of stock and goodwill from Fairways Lodge Hotel Limited from its Administrators Mr Andrew Gillan, who had managed the hotel for several years, was appointed as sole Director and shareholder of the Company
Mr Gillin intention was to concentrate on the developing the leisure side of the business which it was perceived would then result in increasing the general trade to a level that would make the overall business profitable Unfortunately, due to the economic climate and withdrawals of certain proposals the upgrading of the gym became increasing difficult and then the necessity of the additional cost to refurbish the Jacuzzi meant all other improvements had to cease
Administrators' statement of proposals (2012-11-14) · Companies House register