Shepherd COX Hotels (Grantham) Limited (12410703): administration
- Status
- Administration ended
- Administration began
- 2022-12-05
- Administrators' firm
- FRP Advisory
- Incorporated
- 2020-01-17
- Location
- Bushey
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
On 14 September 2022, the Company instructed Colliers, 12% Floor, Eleven Brindleyplace, 2 Brunswick Square, Birmingham B1 2LP to
Pursuant to Schedule B1 of the Insolvency Act.1986
approach a limited target list of purchasers consisting of both local and regional buyers (approximately S parties). A guide price of £2.5m.was set based upon Colliers views on the potential realisation value of the hotel as well as the Company’s expectations. The respective parties were sent a copy of the sales particulars.
Administrators' statement of proposals (2023-01-11) · Companies House register