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Belmont Hotel Limited (09377751): administration

Status
Administration ended
Administration began
2019-09-12
Administrators' firm
Kroll
Formerly
MBI Heritage Hotel Limited
Incorporated
2015-01-07
Location
Manchester
Industry
68100 Buying and selling of own real estate

Why it went into administration

From the administrators' statement

NPD purporteo te operate investment schemes where investors were offered the opportunity to purchase rooms in a number of hotels acquired by subsidiaries of NPD ana-or Giant in return for tucrative returrs The schemes operatec by NPD and/or Giant are currently unoer investigation

On 7? July 2079. the Joint Acministrators were appointed as Interim Managers of NPD Sy the Court. This action was taken afier certain invesiors raised concerns 'n respect of their investments Currently the activities of NPD are under investigation

The Joint Administrators were appointed as Interim Managers over Giant on “5 uuly 2079 in the capacity as sharehoiders of the Companies due io the Interim Manager appointments, the decision was taken to remove Gavin Woodhouse as director of noth Compames anc eppomt igin Sheltor :n order te protect tne business and assets of the Companies

Administrators' statement of proposals (2019-11-14) · Companies House register

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Belmont Hotel Limited (09377751)

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