Festival Group Limited (SC289586): administration
- Status
- Administration ended
- Administration began
- 2011-07-25
- Administrators
- Gerard Anthony Friar, Blair Carnegie Nimmo
- Administrators' firm
- KPMG
- Formerly
- Festival Inns Group Limited
- Incorporated
- 2005-08-30
- Location
- Glasgow
- Industry
- 7415
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
Further to the background set out in the SIP 16 memorandum of sale;
FIL was incorporated on 17 April 2002 and operated under the name of Festival Hotels Limited. This changed to Festival Inns Limited in 2005 and subsequently, following the
appointment of the Joint Administrators, became FI Realisations Limited.
Administrators' statement of proposals (2011-09-23) · Companies House register