Business

Lockdown forces country house hotel into administration

26433637 2013 09 04 1

A 55 bed room nation home resort has gone into administration on account of the extended lockdown.

Hothorpe Corridor, at Theddingworth, in south Leicestershire, introduced in directors final month – even earlier than the newest nationwide lockdown hit.

Even then, its location throughout the Tier 3 county of Leicestershire meant it was unable to open.

Joint directors Yasmin Bhikha and John Lowe of FRP Advisory mentioned the enterprise had suffered sustained cashflow difficulties for the reason that begin of the pandemic.

They’ve provided some reassurance for {couples} who’ve weddings booked on the venue, pledging to endeavour to honour present occasions bookings – the place permitted by Authorities restrictions – whereas they attempt to discover a purchaser for the enterprise.

With the venue closed attributable to Covid-19, all 30 members of workers stay furloughed, though a small quantity are anticipated to be taken off the federal government’s jobs retention scheme to help directors with their duties.

FRP director Yasmin Bhikha mentioned: “Like a lot of the remainder of the UK hospitality and leisure sector, Hothorpe Corridor has seen their skill to function severely restricted by the pandemic, which has led to monetary difficulties and wish for restructuring.

“The administration offers some safety as we discover choices to safe a future for the group. We’ve got launched a advertising course of to search out buyers and are having conversations with events.”

Hothorpe Corridor, which is close to the city of Lutterworth, is a subsidiary of Methodist Guild Accommodations Ltd, which has additionally known as in directors for its different firm, Methodist Guild Holidays Ltd, which operates three inns in different components of the nation.

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