Grantham’s Olde Barn Hotel enters administration

Thu, 05 Sep 2019 | ADMINISTRATION



A very highly rated hotel in Lincolnshire has fallen into administration after experiencing financial difficulties and “cashflow pressures”.

The Olde Barn Hotel, located in Marston near Grantham, was forced to call in RSM Restructuring Advisory LLP to handle the administration process, with partners Diana Frangou and Adrian Allen appointed as joint administrators.

Administrators were called in on 27 August 2019 for the New Barn Hotel Limited, which presently trades as The Olde Barn Hotel. The business employs roughly 100 people, and will use the support of the existing management team to continue trading operations through the administration period.

The hotel boasts 103 bedrooms, a restaurant and bar that has received top reviews from previous customers, a leisure club, and function facilities to host weddings and conferences.

Commercial real estate services firm, Avison Young, has been appointed to market the sale of the hotel.

Frangou, one of the joint administrators, said: “Due to cashflow pressures, the directors took the reluctant decision to place the company into administration.

“The joint administrators’ intended strategy, with the ongoing support of the existing management and staff, is for the hotel to continue to trade whilst we market it for sale as a going concern. We expect that there will be a lot of interest from potential buyers.

“Interested parties, who would like to talk about purchasing the hotel, should contact the appointed agent James Williamson of Avison Young.”

Click here to view the New Barn Hotel Limited listing for full details.

For more news stories about administrations click here. For all our administrations listings, click here.


Share this article



Latest Businesses for Sale

Country Pub
Lincolnshire, UK Wide

Now available to the market is this highly regarded, traditional country pub situated in North Lincolnshire. Under current ownership since 2017, the pub has gone from strength to strength, offering premium quality food and drink as well as comfortabl...

Asking Price: £650,000
Turnover: £460,000

FREEHOLD


Golf Buggy Retailer
Nottinghamshire, UK Wide

Excellent margins across stock. Strong relationships with key suppliers. Approved supplier of recognised brands. Minimal overheads. Relocatable opportunity. The business is now available on a relocatable basis due to the current owner’s other busines...

Asking Price: £100,000
Turnover: £369,050

RELOCATABLE


Premium Cosmetic Skin Treatments
East Midlands, UK

Highly profitable business offering the region’s widest range of non-surgical facial treatments. Established over 15 years ago, the business delivers a premium service and has a strong recurring customer base. Gross margin in excess of 70%, £350k pro...

Asking Price: Offers Invited
Turnover: £750,000

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
05
 
Dec
 

What a Labour government would mean for UK entrepreneurs | BUSINESS NEWS

Private business mergers and acquisitions expert Sue Green o...

 
05
 
Dec
 

MBO at Bolton-based delivery comparison firm | MBO/MBI

Bolton-based parcel delivery price comparison company Parcel...

 
04
 
Dec
 

Merger between Southampton IT providers | MERGER

Southampton-based IT providers Aura Technology and Amicus IT...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
27
 
May
 

P2P firm Lendy enters administration | ADMINISTRATION

A peer-to-peer (P2P) banking firm has collapsed into adminis...

 
22
 
Apr
 

Sheffield printing firm enters administration - assets up for immediate sale | ADMINISTRATION

A printing company based in Sheffield has fallen into admini...

 
11
 
Apr
 

West Yorkshire property developers go under | ADMINISTRATION

The companies behind West Yorkshire student accommodation pr...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources