From the administrators' statement

The Company was incorporated in June 2013 for the specific purpose of operating three hotels on the Isle of Skye being the Bosville Hotel and Marmalade Hotel, Portree, and the Broadford Hotei, Broadford (“the Hotels”).

The Hotels had previously been owned and operated by two limited companies which went into Administration in June 2013. The Hotels were traded by the Administrators until 21 August 2013 when the Hotels were purchased by a third party and the Company commenced trading from the Hotels under lease agreements with the owners.

The management accounts of the Company indicated that the Hotels were trading at a loss and were in arrears with rent. The landlords had commenced legal action for recovery of rent arrears and on 7 May 2014 gave Notice that the leases of the Hotels had been terminated.

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Skye Hotels Limited (SC453298)

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