Raeburn House Hotel Limited (SC280726): administration
- Status
- Administration ended
- Administration began
- 2011-09-22
- Administrators
- Gerard Anthony Friar, Blair Carnegie Nimmo
- Administrators' firm
- KPMG
- Incorporated
- 2005-02-28
- Location
- Glasgow
- Industry
- 7487
Why it went into administration
- Funding withdrawn / unable to refinance
- Property / lease costs
From the administrators' statement
RHHL was incorporated on 28 February 2005. Its main asset is a property (“The Raeburn”) located at 112 Raeburn Place, Edinburgh, EH4 1HG. The property comprises a former licensed hotel and public house premises, arranged over the ground and first floors of a two storey detached stone build villa, situated within grounds which extend to 0.25 acres. It is adjacent to, and effectively sits within, the grounds of Edinburgh Academicals Rugby Club (“Accies”).
RHHL ceased trading in April 2006 and The Raebum was unoccupied at the date of our appointment.
RHHL also entered into a 100 year ground lease with the Accies over the former site of the Accies club pavilion, which extended the grounds to 0.95 acres. The lease ran from August 2008 at an annual rent of £40,000, and is adjacent to the site occupied by The Raeburn.
Administrators' statement of proposals (2011-11-22) · Companies House register