Crazy Bear Group Limited (10612644): administration
- Status
- In administration
- Administration began
- 2025-01-13
- Administrators
- Kevin James Coates, Shane R Smith
- Administrators' firm
- Grant Thornton
- Incorporated
- 2017-02-10
- Location
- 1 Oxford Street
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- Property / lease costs
- Weak consumer demand
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Loss-making contracts / project overruns
- Sustained trading losses
- Management failings / irregularities
- Rising interest rates
From the administrators' statement
Nature of the Company’s business
The Company was incorporated on 10 February 2017. The Company provided hotels rooms located in Beaconsfield and Stadhampton and was renowned for its distinctive and contemporary hotel and dining experiences. There were 147 employees as at the date of our appointment, all of which were transferred to the Purchaser pursuant to TUPE provisions.
Causes of the Company’s financial distress
Administrators' statement of proposals (2025-01-21) · Companies House register