East Marsh Operational Co. Limited (07960533): administration
- Status
- Administration ended
- Administration began
- 2016-10-18
- Administrators' firm
- Allficensed Insolvency Practitioners of HBG Corporate
- Formerly
- East House Operational Limited
- Incorporated
- 2012-02-22
- Location
- Sheffield
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
£ast 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 1n 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 raised for the development of each phase by entering into investor tease 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