Flat CAP Hotels Limited (09571307): administration
- Status
- In administration
- Administration began
- 2024-01-11
- Administrators
- Gareth Prince, Mark Malone
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2015-05-01
- Location
- Birmingham
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Weak consumer demand
- Rising costs / inflation
- Cash flow / liquidity pressure
- Property / lease costs
- Rising interest rates
From the administrators' statement
The Company was incorprated on 11 May 2015 and operated as “the Flat Cap Group”, from three well known boutique hotels situated in Cheshire.
The Group consists of two freehold assets (the Vicarage and the Bridge) and one leasehold site (the Courthouse). The freehold properties and leasehold are owned by the parent company, Flat Cap. The Group’s registered office was 2 the Old Shippon, Middlewich Road, Cranage, Middlewich, Cheshire, CW10 9LT, this was also the Group’s head office and is a leased unit on a small business park.
The Group employed 177 members of staff across housekeeping, reception, the restaurant/ kitchen and head office. All staff were contracted to Flat Cap, whilst the day-to-day operations of the hotels are run via the individual operating companies. The Group was managed and jointly-owned by the directors, Dominic Heywood and Oliver Heywood (“the Directors”).
Administrators' statement of proposals (2024-03-12) · Companies House register