The Bridge Cheshire Ltd (10652566): administration and why it failed

The Bridge Cheshire Ltd (10652566): administration

Status: In administration
Administration began: 2024-01-11
Administrators: Gareth Prince, Mark Malone, Julian Pitts
Administrators' firm: Begbies Traynor
Formerly: The Vicarage Freehouse Limited
Incorporated: 2017-03-04
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Funding withdrawn / unable to refinance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

APPOINTMENT

The Company was incorprated on 4 March 2017 and operated as “the Bridge’, a well known hotel situated in

Prestbury in a Grade II listed property.

Administrators' statement of proposals (2024-03-12) · Companies House register

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The Bridge Cheshire Ltd (10652566): administration

Why it went into administration

From the administrators' statement

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The Bridge Cheshire Ltd (10652566)