Hotels By Endeavor Ltd (09464681): administration
- Status
- Administration ended
- Administration began
- 2016-08-11
- Administrators
- Mark Richard Phillips, Julie Ann Swan
- Administrators' firm
- Partnership Invoice Finance
- Incorporated
- 2015-03-02
- Location
- Uxbridge
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- Cash flow / liquidity pressure
- Parent or group failure
From the administrators' statement
Hotels by Endeavor Limited (“the Company”) was incorporated on 2 March 2015 The Company was set up as a purchase vehicle to acquire the Hind Hotel, Wellingborough (“the Hotel”) lan Hamilton (“the director”) is the sole director and shareholder of the Company
The Company purchased the freehold property which is a semi-detached four story Grade Il listed building dated back to the 17th century The hotel operates a 34 bedroom hotel which has a restaurant, bar area and function rooms The Hotel is licenced to hold weddings throughout the year and 1s situated in the city centre of Wellingborough
Capttalise Invest Limited (“CIL” and “the charge holder”) was commissioned by the director to secure finance to purchase the Hotel CIL provides finance for start-up projects where traditional funding may not be available or appropriate We are advised that model is loosely based on the risk spread principles of "crowdfunding" by having a number of investors commit smaller sums to a project
Administrators' statement of proposals (2016-10-19) · Companies House register