Lincolnshire hotel hit as firm enters administration
A company operating a Lincolnshire hotel has entered into administration.
Northamptonshire-based insolvency practice Marsham Price was pointed as the administrator for Hoby Hotels Ltd, which operates the Woodhall Spa Hotel.
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The Woodhall Spa Hotel which is operated by Hoby Hotels Ltd
The administrators have confirmed that the hotel will continue trading, at least in the short-term, while a purchaser is sought.
Alan Price, who has been appointed as joint-administrator with Gary Pettit, said: "The hotel will remain open and current indications are that all bookings for accommodation and functions will be honoured.
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"Future bookings are also still being taken.
"The business, which obtains a significant part of its income from the nearby National Golf Centre, is on the market for sale via specialist agents Christie's and we are hopeful that such a prestigious venue will generate a large amount of interest.
"Currently there are no job losses anticipated however, as with any administration, the final outcome cannot be guaranteed."
Is it thought that Holby Hotels' problems stem from the closure of two other hotels it operated, which incurred substantial trading losses.
The administrators have also said that it is too early to forecast what return there will be to creditors, however, it is intended to put a company voluntary arrangement (CVA) in place to deal with its debts.
All enquiries about the administration can be addressed to Mr Price or Natasha Pink, at Marsham Price, by e-mailing info@marshamprice.co.uk or by calling 01933 270918.
Anyone interested in purchasing the business is asked to call Ben Freckingham of Christie's on 0115 945 4705.
Comments
by anon190987
Thursday, July 05 2012, 7:28PM
“Not only have all the staff been made redundant the company has also withheld payment of 5 weeks worth of wages! no notice was given for the redundancies either! 27 people out of a job! I wouldn't hold out much hope of getting your deposit back. Best to ring Legacy Hotels and Resorts and chase that up!”
by RButcher__LE
Sunday, July 01 2012, 12:59PM
“Hi Lea1981 - please could you e-mail your best contact number to ryan.butcher@lincolnshiremedia.co.uk and I'll see if there's anything I can do to help with this matter.
Many thanks,
Ryan”
by Lea1981
Sunday, July 01 2012, 11:34AM
“Update: The staff have lost their jobs. They got made redundant on Thursday.... I feel for the staff, I really do, but for a company to announce they will continue trading on a Wednesday then get rid of the staff on thursday, maybe a change of management is what is needed?! They took my deposit 2 weeks ago after going into administration and I can't rebook my wedding until I get that back... Grrrr...”
by Lea1981
Saturday, June 30 2012, 8:59AM
“The hotel is now closed due to flooding and has been served with a notice of closure due to contamination. I paid my deposit for my wedding 2 weeks ago, a week after it went into administration and wasn't told about it and I for one am livid. I am getting married in 15 weeks and as yet have been told by the administrators to not pay any money as they can't guarantee I will get my wedding. :'-(”
by Bicksy
Saturday, June 23 2012, 9:35AM
“@Gnome_Chomsky - do you know if the Holiday Inn is a local franchise or sole ownership Of IHG? I don't know the answer but it might well be a local business”
by Gnome_Chomsky
Saturday, June 23 2012, 12:37AM
“It would be a shame if this hotel went bust while Holiday Inn survives.
We need more local business.”
by Robinno1
Friday, June 22 2012, 7:05PM
“I had a bounced cheque last time this Hotel went bust.
I feel for the local suppliers and traders who will lose their cash, endangering their own business and livelihoods. The liquidators and insolvency vultures will gain yet again.
A new company will trade as if nothing happened.
Its time Government looked at these scams.”