# PHHL Realisations Limited (09814941)

> Why UK company 09814941 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09814941

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09814941/filing-history/MzI2MTkyOTEzNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09814941

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