Macleod Hotels U.K. Limited (SC190312): administration
- Status
- Administration ended
- Administration began
- 2013-06-03
- Administrators
- Elizabeth Galbraith Mackay, Anne Clare O'Keefe, Fraser James Gray
- Administrators' firm
- AlixPartners
- Incorporated
- 1998-10-09
- Location
- Glasgow
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 9 October 1998 and has operated the Hotels which are based on the Isle of Skye since 2007. The Company employs approximately 40 people on a full and part time basis.
The Company initially traded one hotel in Inverness which they acquired in 1998. The hotel and surrounding land was subsequently sold to a third party in 2006 for consideration of £1,000,000. The profit achieved from the sale of the hotel in Inverness facilitated the purchase of the Hotels.
Under the terms of the sale of the hotel, the purchaser retained an option to require the Company to repurchase the property for £1,000,000 should they be unsuccessful in obtaining suitable planning consents.
Administrators' statement of proposals (2013-07-25) · Companies House register