EPR Limited (09655866): administration
- Status
- Administration ended
- Administration began
- 2023-07-31
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2015-06-25
- Location
- Fareham
- Industry
- 70229 Management consultancy activities other than financial management
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Rising interest rates
- COVID-19
- Weak consumer demand
- Energy costs
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Property / lease costs
- Brexit
From the administrators' statement
EPR Limited (EPR) is a wholly owned subsidiary of Bourne Asset Management Limited (BAM), which in turn is a wholly owned subsidiary of CHX.Life Limited (CHX). CHX and BAM were placed into administration on 11th November 2022 and 14th July 2023 respectively with Michael Fortune and Stewart Goldsmith, both of Leonard Curtis, being appointed as joint administrators of both companies.
EPR owns a property at Bourne Villa, Bournemouth. Two neighbouring properties owned by connected companies, Luna Hotels Limited (Luna) and Bourne Arlington Limited (Bourne Arlington) and together these are known as the hotel properties that back on to Bourne Park in Bournemouth, a sought-after location. The hotel properties are mainly a mix of serviced offices with some additional ancillary services attached.
These properties formed the long-term strategy of the group, where the plan was to trade the business for several years until such time as planning permission could be obtained.
Administrators' statement of proposals (2023-09-30) · Companies House register