PHHL Realisations Limited (09814941): administration
- Status
- Administration ended
- Administration began
- 2020-01-29
- Administrators
- Lee Causer, Danny Dartnaill
- Administrators' firm
- BDO
- Formerly
- Priest House Hotel Limited
- Incorporated
- 2015-10-08
- Location
- Liverpool
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 8 October 2015. The sole director and shareholder is Stuart James Garner (‘the Director’).
The Company acquired the 42 bedroom hotel (‘the Hotel’) in early 2016 for £3,050,000, financed by secured loans from Metro Bank Plc (‘Metro’) of £2.1 million, MW Private Investors (The Priest House Hotel) Limited (‘the Syndicate’) of £650k and the Director of
A further £550K was provided by the Syndicate for refurbishment works post acquisition. The Syndicate loan was for a term of 3 years commencing 8 February 2019.
Administrators' statement of proposals (2020-04-07) · Companies House register