Prestige Hotel Reservations Limited (SC197811): administration
- Status
- Administration ended
- Administration began
- 2018-08-09
- Administrators
- Graham Douglas Frost, Peter David Dickens
- Administrators' firm
- PwC
- Formerly
- Prestige Reservations Limited; Ledge 478 Limited
- Incorporated
- 1999-07-05
- Location
- Edinburgh
- Industry
- 55100 Hotels and similar accommodation
From the administrators' statement
We've enclosed at Appendix B the information required to be provided to you by SIP16 on the pre-packaged sale of the business and certain assets. Some of that information is repeated below where beneficial or necessary to do for the purpose of these proposals.
Background
The Company was incorporated on 5 July 1999. The Company had large corporate clients and its main trading activity was to provide hotcl bookings and reservations to its 18 clionts and their employees for corporate travel and events purposes. The Company had 16 employees and operated from one leasehold promises in Stockport. The Company received funding support from its parent company, Monument. The Bank held a debenture giving fixcd and floating charge security over the Company’s business and asscts, however this was in relation to a legacy facility and there were no amounts due to the Bank on appointment. We understand Monument had been the sole provider of funding required by the Company in recent years.
Administrators' statement of proposals (2018-09-12) · Companies House register