# Metro Lodge Limited (SC324524)

> Why UK company SC324524 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC324524

- **Status:** Administration ended
- **Administration began:** 2019-06-27
- **Administrators:** Paul Dounis, Gareth Harris
- **Administrators' firm:** RSM
- **Incorporated:** 2007-05-29
- **Location:** Edinburgh
- **Industry:** 55100 Hotels and similar accommodation

## Why it went into administration

- Sustained trading losses
- Funding withdrawn / unable to refinance
- Property / lease costs

## From the administrators' statement

The company traded as a hotel in Aberdeen city centre for over 12 years. In April 2017, the Company engaged RSM to undertake an accelerated marketing and sale of the business and assets of the Company. The Company was underperforming with losses being generated on an annual basis which were being funded by the directors. Relevant extracts from the Company's audited financial statements and management accounts are summarised below.

Year ended 31 October

Year ended 31 October

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC324524/filing-history/MzI0MjMzOTYxMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC324524

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.