Shearings Hotels Limited (SC024759): administration
- Status
- Administration ended
- Administration began
- 2020-05-22
- Administrators
- Samuel James Woodward, Colin Peter Dempster
- Administrators' firm
- EY
- Formerly
- Coast & Country Hotels Limited; Norscot Hotels Limited
- Incorporated
- 1946-11-21
- Location
- Edinburgh
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Loss-making contracts / project overruns
- Property / lease costs
- Brexit
From the administrators' statement
The Group (headquartered in Wigan) was a provider of coach tours, ovonts and holidays to destinations throughout Great Britain, Europe and worldwide.
The Group operated three established coach tour brands (Shearings Holidays, National Holidays and Caledonian Travel), as well as an online travel business (UK Breakaways) and a chain of travel agents’ stores operating under the Wallace Arnold Travel brand.
In addition, the Group operated an hotels business, trading under the Country Living Hotels, Coast & Country Hotels and Bay Hotels brands. Both Bay Hotels and Coast & Country Hotels received a significant amount of business from holidays operated by Shearings Holidays Limited (“Holidays”) and UK Breakaways Limited ("UKB’).
Administrators' statement of proposals (2020-07-03) · Companies House register