# Fulcrum Hospitality Limited (09502370)

> Why UK company 09502370 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09502370

- **Status:** In administration
- **Administration began:** 2026-08-07
- **Administrators:** Paul Stanley, Kris Anthony Wigfield
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2015-03-20
- **Location:** Manchester
- **Industry:** 96090 Other service activities n.e.c.

## From the administrators' statement

BTG Begbies Traynor (Central) LLP (“BTG”) were contacted by Kirit Holding Limited (“Kirit’) in May 2026 following and introduction from MD Law. Kirit is incorporated in Thailand and is owed in excess of £3 million from a loan provided to the Company. Kirit holds a fixed charge over the Company’s assets registered at Companies House on 16 October 2025. The Company had defaulted in meeting its repayments of the loan and Kirit wanted to explore its options available to them.

A meeting was held with Kirit, their lawyers and BTG setting out the options available including insolvency routes such as administration, receivership or liquidation. Kirit does not hold a qualifying floating charge and therefore it did not have the ability to make an administration appointment pursuant to paragraph 14 of Schedule B1 to the Insolvency Act 1986. Therefore, Kirit decided to proceed with the route of an administration appointment in Court. Kirit, as secured creditor, requested that in order to maximise realisations the hotel be kept open and continue to trade. It was agreed that the joint administrators would enter into a licence to occupy with a UK registered Special Purpose Vehicle (SPV) set up by Kirit, called Samrav Limited (“Samrav’). The SPV would employ the hotel staff, enter into new contracts with suppliers and the hotel would trade under the control of the SPV with the SPV retaining any trading profits (if any). Samrav Limited, was incorporated on 29 June 2026.

The application was made and the appointment of the Joint Administrators was granted by the Court pursuant to paragraph 10 of Schedule B1 to the Insolvency Act 1986 on 7 August 2026 appointing Paul Stanley and Kris Wigfield of BTG as joint administrators.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09502370/filing-history/MzU0OTkwOTIyOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09502370

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