# Nightel Two Limited (09041424)

> Why UK company 09041424 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09041424

- **Status:** Administration ended
- **Administration began:** 2019-04-26
- **Administrators:** Sean Williams, Philip Deyes
- **Administrators' firm:** Leonard Curtis
- **Incorporated:** 2014-05-15
- **Location:** Leeds
- **Industry:** 55100 Hotels and similar accommodation

## Why it went into administration

- Funding withdrawn / unable to refinance

## From the administrators' statement

The Company was incorporated on 15 May 2014 and commenced to trade in July 2017 following the construction of a hotel on land owned by Humberside Airport. The land was leased to the Company for the purposes of operating a hotel.

The hotels construction was funded by way of borrowings from the current Secured Lender (as assigned) and grant funding from North Lincolnshire Council. For a number of reasons the Company encountered delays in the opening of the hotel and additional funding lines had to be extended. The Company was unable to refinance and the original development funding had to be extended.

The hotel was operated by an independent management company known as Leaf Hospitality Ltd (“Leaf”) which operated the hotel in accordance with a franchise agreement between the Company and the Hilton brand, the Hampton by Hilton.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09041424/filing-history/MzIzOTIxODI0OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09041424

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.