Shepherd COX Hotels (Sunderland) Limited (10926239): administration
- Status
- Administration ended
- Administration began
- 2021-09-14
- Administrators
- Adam Henry Stephens, Nicholas Myers
- Administrators' firm
- Evelyn Partners
- Incorporated
- 2017-08-22
- Location
- London
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- COVID-19
From the administrators' statement
The Company was incorporated on 22 August 2017 as an acquisition vehicle for the hotel. The hotel was formerly a Premier Inn before it was rebranded a Comfort Inn under a fanchisee agreement with Choice Hotels Licensing B.V. The principal activity of the Company is the ownership and operation of the hotel from the single business site at Timber Beach Road, Castletown, Sunderland SR5 3XG.
The Company initially had two directors, Lee Bramzell and Nicholas Carlile who were also the directors of the former and current parent company. Mr Carlile and Mr Bramzell have sinced resigned on 17 May 2021 and 29 July 2021 respectivelly, with Adam Stanborough being appointed the sole director of the Company on 14 July 2021.
The Company was initially financed by a private debenture with Luqa Ltd, and then underwent a refinance with the First QFCH in December 2018.
Administrators' statement of proposals (2021-11-10) · Companies House register