Partnership Administration
A Partnership Administration Order is similar in some ways to Administration for a limited company, but should not be confused with this or administrative receivership. The Partners or one of the partnership creditors can petition to the court for an administration order.
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Lawyers Partnerships Plan C
There are three options to deal with severe cashflow problems, this page looks at Plan C Pre-pack Administration to sell the business, winding up the partnership and possible personal Bankruptcy
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Company Rescue Businesses for Sale – Assets for disposal
KSA Group lists businesses and assets for sale on this page. If a business goes into administration or liquidation then the assets may need to be sold to pay back creditors.
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Dream Lodge Goes Into Administration
Dream Lodge, which operates holiday parks across East Anglia and other areas has gone into administration. The operator parks were based in Lazy Otter Meadows in Ely, Blosson Hill Park in Devon, The Sanctuary in Berkshire and Woodlands Park in East Sussex.In a statement the partners at Deloitte, Richard Hawes and Rob Harding said that The Dream Lodge Group was impacted by a “period of financial pressure”.It added: “Given the immediate funding constraints and seasonality of the business, it has been necessary to make 80 out of the 121 employees redundant, with immediate effect.”The holiday parks were more luxurious than most and promised, Hot Spas, walk in wardrobes, heated swimming pools etc. Investors were encouraged by being promised access to the lodges and a guaranteed rental return. Things started to go awry when payments to investors didn't arrive. Lodges were available for investments between £50k and £150k.Unfortunately, these investors are unlikely to recoup much money as they are in effect unsecured. Lenders will have security and are more likely to get something back on the sale of the park's assets.
ReadTorquay’s Famous Grosvenor Hotel Goes Into Administration
Update May 2026 The Richardson Hotel Group exited the administration in 2018 The costly refurbishment of the hotel – and its relaunch – has contributed to the hotel’s insolvent state and that of the wider Richardson Hotel Group. Here, we’ll explore what happened to the Grosvenor and what might lie in store for the future of this group.What is the Grosvenor Hotel? The Grosvenor Hotel is a three-star hotel in Torquay. It’s one of the main hotels on Belgrave Road or ‘golden mile’ and has 46 bedrooms. It is part of the Richardson Hotel Group’s portfolio along with five other hotels across Devon and Cornwall. Keith Richardson is the sole owner of the hotel. He bought it from the comedian and entertainer Mark Jenkins in 2012. It cost less than £1m but is still trying to shake the bad reputation it gained during Jenkins’ ownership. Jenkins and the Grosvenor Hotel found fame in Channel 4’s ‘The Hotel’ - a reality show that “followed the exploits of hapless hotelier-turned-events manager Mark Jenkins”. It ran from 2012–2015 and did not seem to benefit the hotel’s reputation. It's now called the John Burton-Race Restaurant with Rooms. The name comes from the hotel's Michelin-starred chef who controls the restaurant. He is not the owner, but he may boost the hotel's reputation. Estimates claim the refurbishment cost over £750,000 and includes:Structural changes Refurbishment of the restaurant Re-designed reception An increase to 50 rooms Plans for a champagne barWhy has it gone into administration? The Richardson Hotel Group went into administration in early January 2018. The five other hotels in the group fell into administration at a similar time. The Grosvenor Hotel is the sixth and final hotel in the group to fall into administration. The administrators for all six hotels are Mark Boughey and Matthew Wild of RSM Restructuring Advisory. All the hotels in the group are still trading. Administrators are discussing sales strategies with Colliers International and may end up selling one or more of the other hotels to finance the continuation of the Grosvenor. Too much money went into the refurbishment, rebrand and relaunch of the hotel. This is why the Grosvenor Hotel and the rest of its group fell into administration. HMRC petitioned the Grosvenor Hotel to wind up the business. But the move to administration has halted these proceedings. However, it’s “business as usual” according to Burton-Race. “This is just a glitch, which will be sorted, I’m not worried. The company has plenty of assets and once one of them is sold, things will go back to normal.” Hopefully, the move into administration will help the Grosvenor Hotel restructure and become viable once more. If not, its liquidation could affect all the Richardson hotels in the area.
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Betterware goes into administration soon after Kleeneze
Betterware, which sells household items via a catalogue sent to millions of homes, has gone into administration following its sister company Kleeneze. Betterware employed directly 90 people and thousands of door-to-door selling roles. Betterware said that difficult trading conditions and cashflow problems had been responsible for its demise.The firm started in 1928 when it was founded in east London as a door-to-door seller of brushes and polishes. The catalogue was launched in the 1970s and in 2015 the business was bought by JRJR, a Texas-based consumer sales group. The company relies on thousands of self-employed agents who distribute the catalogue around the country. Many of them have other forms of income to supplement their earnings. Begbies Traynor, the company’s administrator, said that Betterware had ceased trading, with all staff made redundant. “Our aim was, of course, to find a purchaser for the business as a going concern in order to safeguard the jobs, but unfortunately this did not prove possible,” it said.Any parties interested in acquiring assets of the company has been asked to contact the joint administrators Gareth Rusling and Claire Dowson of Begbies Traynor as soon as possible. No details have been given to those who may have ordered goods but have a look at our page on “will I get my goods!”This is what one of the regional managers sent to us to put her side of the story
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Administration Flow Chart
See here some unique Administration flowcharts for your free use! They explain in English what happens in an Administration process where a pre-pack is used or where CVA follows.administration-followed-by-cvaAdmin Pre Pack Flowchart - PDFSo would you now like to know why Admin pre-pack selling the business to directors is favoured by Insolvency Practitioners BUT, not necessarily by the clearing banks? Call Keith Steven on 07833 240747 to find out more and how a CVA can achieve huge change while leaving YOU in control!
ReadAnother customer safe from administration and in a CVA
A recent customer admitted other potential advisors were pushing for them to go into a pre pack administration, but with KSA's help, this business is in a CVA and will continue trading and returning money to creditors, including paying back a proportion of their £500k of tax liabilities to HMRC.We were sent the following email:All, I just wanted to thank you all for your assistance with the CVA preparation. With 100% of creditors voting in favour this is a testament to your experience and process in putting these together. The last few weeks has been a nerve wracking time and timing has been close to the wire, but the end result means that we are now well positioned to execute our plans going forward to the benefit of all. In deciding to go with KSA we had numerous other providers who were either cheaper or pushing a pre-pack route. You have delivered what you set out and certainly a much better outcome than administration. Marie, a special thanks for your efficient and calm handling of all the issues that have arisen, and Andrew – your “mother of all spreadsheets” will now double as our operating budget for next year. Finally, if you ever have any prospective clients who require a reference, I would be happy to talk with them. Regards
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