Scalford Hall (Hotel) Limited (08838695): administration
- Status
- Administration ended
- Administration began
- 2018-01-02
- Administrators
- Nicola Elaine Layland, Carl Derek Faulds
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2014-01-09
- Location
- Fareham
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
1.1. The company was incorporated in January 2014 and traded as a hotel from Melton Mowbray. The hotel has 81 bedrooms and nine conference rooms and was typically used for leisure and trade customers as well as weddings and events.
1.2 In February 2014 Mr Warburg purchased the Scalford Hall building after the company which was trading the hotel at that time entered into administration. Mr Warburg was not involved with the previous company but felt that with the right management and investment the hotel could be turned around.
1.3 Mr Warburg purchased the Scalford Hall property personally, which was placed into his pension. He also loaned the company money to purchase the fixtures, fittings and other tangibles in order to trade the hotel going forward.
Administrators' statement of proposals (2018-02-20) · Companies House register