Carmelite (Aberdeen) Limited (SC262297): administration
- Status
- Administration ended
- Administration began
- 2020-01-31
- Administrators
- George Dylan Lafferty, Barry John Stewart
- Administrators' firm
- Leonard Curtis
- Formerly
- Next Level Group Limited; Bannerfolder Limited
- Incorporated
- 2004-01-22
- Location
- Glasgow
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Property / lease costs
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Pension deficit
From the administrators' statement
The Company was established on 22 January 2004, operating the Hotel, a 53 bedroom boutique hotel located in Aberdeen’s Merchant Quarter.
The Company operated from freehold premises located at Stirling Street, Aberdeen, AB11 6JU (‘the Property’) and employed 56 members of staff at the date of our appointment.
The Company had experienced a significant reduction in turnover over the last 2 years resulting in cash flow difficulties, principally as a result of the downturn in the oil and gas sector.
Administrators' statement of proposals (2020-02-12) · Companies House register