Dalkeith Apartments Limited (SC559641): administration
- Status
- Administration ended
- Administration began
- 2023-04-12
- Administrators
- Brian William Milne, Ian William Wright
- Administrators' firm
- Quantuma
- Incorporated
- 2017-03-07
- Location
- Glasgow
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- COVID-19
- Sustained trading losses
From the administrators' statement
The company was incorporated on 7 March 2017 and carried on the business of The Dalkeith Hotel (formerly known as The County Hotel), 156 High Street, Dalkeith, EH22 TAY.
In September 2017 the company purchased the hotel which had fallen into disrepair and was badly dilapidated. The company decided to convert the premises to an aparthotel and early in 2019 undertook substantial renovation work. The hotel was previously managed by Altido Scotland Ltd and latterly by Pillow Partners Ltd.
The company struggled to make a profit since it commenced trading and has historically been loss making. The initial renovation work completed early in 2020 but trade was almost immediately impacted by Covid-19 restrictions. The most recent accounts for the year to 30 September 2021 show a loss of £71,190 and shareholders’ funds of £824,096.
Administrators' statement of proposals (2023-06-06) · Companies House register