Tue, 28 Apr 2020 | ADMINISTRATION
16 Hospitality, which manages four pubs across Cheshire and Anglesey, has appointed administrators from Grant Thornton UK.
The Wythenshawe-based group’s pubs are currently closed due to ongoing coronavirus-related restrictions and the majority of its employees have been furloughed.
In Cheshire, 16 Hospitality runs The Partridge in Stretton and The Old Hall Hotel in Frodsham. Its beach side Anglesey pubs are The White Eagle in Rhoscolyn and The Oyster Catcher in Rhosneigr.
Sarah O’Toole and Jason Bell from Grant Thornton UK LLP’s Manchester office have been appointed as joint administrators for the business, with the administration taking effect on April 9.
Sarah O’Toole said: “We are hopeful that we can find a buyer for the businesses despite the current challenges facing the pub and hospitality sector.”
16 Hospitality Limited’s most recent accounts are made up to the year ending December 31 2018. At the time, the group had fixed assets of £23,430, slightly down from just over £24,600 the year before.
Its current assets at the time amounted to close to £886,000, up from £586,474 in its 2017 accounts, while its net assets stood at £19,476. The company’s directors chose not to disclose the group’s profit and loss accounts within those financial statements.
View the latest distressed UK businesses here.
Rare opportunity to acquire a highly successful, 2011 established coffee shop and wine bar. The business has been with its current owners for several years now and they have invested heavily into the business premises.
LEASEHOLD
The business for sale is a profitable corporate cycling events company that covers the UK and Europe. Their 'Top Table' regular client base includes the likes of Rothchilds, BP, KPMG, Aviva, and a number of fully invoiced charity clients.
LEASEHOLD
The business was originally established over 35 years ago, with our clients taking over ownership in 2017. Since then the owners have fully refurbished and maintained the property to a very high standard. They have worked hard to secure excellent onl...
FREEHOLD
24
|
Apr
|
Kitchen firm expands construction sector offering with new acquisition | BUSINESS SALE
Nolte Kitchens UK has completed the acquisition of contracts...
23
|
Apr
|
Furniture retail group acquires stock and IP of e-commerce firm | BUSINESS SALE
Flair Furniture, a retail group based in West Yorkshire, has...
23
|
Apr
|
UK administrations update: April 17 – 23 | ADMINISTRATION
Since our last update, the following businesses have been co...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.