# Loyola Hall Limited (10723786)

> Why UK company 10723786 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10723786

- **Status:** Administration ended
- **Administration began:** 2022-08-05
- **Administrators:** Michael Lennon, Matthew Ingram
- **Administrators' firm:** Kroll
- **Incorporated:** 2017-04-13
- **Location:** Manchester
- **Industry:** 55100 Hotels and similar accommodation

## Why it went into administration

- Property / lease costs
- Funding withdrawn / unable to refinance

## From the administrators' statement

In June 2021, the Company entered into a management agreement with UKAOL to take full control over the business and operations of Rainhill Hall Hotel. As part of the management agreement, UKAOL were obligated to meet all of the Company’s costs in relation to the business, which included, but not limited to; the payment of employee salaries, wages, pension and PAYE and NIC contributions.

All of the employees transferred under TUPE regulations over to UKAOL from other entities in the group prior the Appointment Date.

In addition, the management agreement stipulated UKAOL were obligated to pay a turnover rent to the Company each month, which would be utilised by the Company to meet its costs and liabilities, including secured debt obligations.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10723786/filing-history/MzM1Mzc2NTE1NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10723786

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