Hoax Hostels Ltd (08393574): administration
- Status
- Administration ended
- Administration began
- 2014-11-27
- Administrators
- Russell Stewart Cash, David Thornhill
- Administrators' firm
- FRP Advisory
- Formerly
- Evolution Hostels Limited
- Incorporated
- 2013-02-07
- Location
- Manchester
- Industry
- 55202 Youth hostels
Why it went into administration
- Funding withdrawn / unable to refinance
- Property / lease costs
- Rising interest rates
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 7 February 2013 for the sole purpose of operating the Hoax Hostel and Restaurant.
The Company traded from leasehold premises at 54 Stanley Street, Liverpool, L1 6AU, which are owned by Evolution Liverpool LLP (“Evolution”).
The Company has two directors, Paul Callingham and Philip Houghton, and ts a wholly owned subsidiary of Hoax Hospitality Limited
Administrators' statement of proposals (2015-01-28) · Companies House register