What Does Going Into Administration Mean?
What Does Going Into Administration Mean?Licensed Insolvency Practitioners With National Coverage
Following the collapse of the wedding venue, Stapleford Park Hotel in Leicestershire, 90 jobs have been lost and all reservations and events cancelled.
It was confirmed on Thursday that Leonard Curtis had been appointed as Stapleford Park Limited’s liquidator.
The Grade-I listed property near Melton Mowbray was not owned by the hotel company, according to the firm, and its future “remains uncertain at this stage.”
Following the venue’s closing, which featured superstars including the late US pop sensation Michael Jackson, 92 employees were laid off.
“Our priority was to ensure the most orderly wind-down of trading possible,” stated Alex Cadwallader of Leonard Curtis, who was named a joint liquidator with Neil Bennett.
Alex said; “Significant efforts were made to communicate with and re-locate the guests that were staying at the hotel, which was at approximately 50% occupancy.
“Leonard Curtis attended the site and worked closely with front of house staff to make this possible, and the wider group also met some essential costs to limit the impact on guests and future bookings.
“However, we fully appreciate that some guests will have been adversely impacted.”
The Grade-I listed mansion is surrounded by 500 acres of parkland and 48 guest rooms.
The hotel’s management “was unable to generate the turnover required,” according to the liquidator, “despite efforts to reach profitability.”
What Does Going Into Administration Mean?
What Does Going Into Administration Mean?Will I get my goods as the company has gone into administration
Will I get my goods as the company has gone into administrationMaking Employees Redundant
Making Employees Redundant