A family-run Scarborough hotel that once hosted Winston Churchill under its roof has entered administration, due to a soaring tax bill.
The Royal Hotel has been put up for sale today by administrators MCR. It follows its sister premises, The Clifton Hotel, onto the market, which was put up for sale earlier in the month. Both hotels are to continue trading as normal until a buyer or buyers are found.
MCR partner, David ... Continue Reading
A Cumbrian stately home with its own thriving holiday letting business is being put up for sale - for the first time in more than 200 years.
Town Head House, on the shores of Lake Windermere, has been in the ownership of the Townley family since 1804. Current owner, Charles Townley, and his wife Roslyn, are selling the home, as they plan to retire but want the home's business to be maintained.
The nine-bedroom Gra... Continue Reading
Business owners looking for an angel investor to aid with a start-up or the acquisition of a new business, must make sure they carry out their due diligence on an investor before signing any agreement, a number of experts have agreed.
Serial entrepreneur, Andrew Scott, said that there are practices - such as angel funding networks that charge a pitching fee for access to investors - that are frowned upon, but that take place anyway.... Continue Reading
The largest hotel in the Welsh tourist resort of Barry has gone into administration.
A buyer is being sought for Martin Willcock Ltd, the company behind the Best Western Mount Sorrel Hotel in Porthkerry Road, Barry. Gilbert Lemon and Greg Palfrey of Smith & Williamson in Bristol have been appointed as administrators.
Mr Lemon said that there had been severe financial pressures on the business, but they believed they had... Continue Reading
A buyer is being sought for Birmingham's Nitenite hotel - known for its eye-catching windowless concept - after the company entered administration.
The 104-room hotel was placed into the hands of administrators from Zolfo Cooper this week, who believe they will be able to sell it successfully as a going concern. The company's 10-strong staff has been retained.
Zolfo Cooper partner, Ryan Grant, said cashflow di... Continue Reading
A new draft regulation that could make the controversial pre-packaged administrations tougher to push through is to be unveiled by the Government.
A pre-pack administration is when a business falls into administration and is then sold on quickly to new owners with reduced liabilities - who have been selected beforehand.
The Department of Business, Innovation and Skills (BIS) is proposing the rolling out of a new rule t... Continue Reading
Only a quarter of companies making mergers and acquisitions (M&A) in the UK take account of organisational culture differences when devising their integration plans, according to new research.
Global consultancy firm, Mercer, surveyed some of the world's leading HR executives in a series of workshops. Just 25 per cent said that their companies had provisions in place to deal with the integration and management of business cultu... Continue Reading
An award-winning Scottish country house hotel has been put on the market for those looking to take on a business in one of the remotest parts of Scotland.
Kilcamb Lodge is located on the shores of Loch Sunart, on the isolated but spectacular Ardnamurchan Peninsula, and often attracts visitors who are on their way to the islands of Mull and Skye.
The lodge is minutes away from the village of Strontian, and eight miles f... Continue Reading
A historic steamer that used to ferry people along the River Clyde in Scotland is to be sold at auction later this month, with the potential to be turned into a lucrative leisure attraction.
The Queen Mary, which first set sail in 1933, is to be sold later this month, although a guide price has yet to be set. The boat has been sitting in a dock at Tilbury, Essex since the early 1980s but Richard Lane, from Isle of Wight-based Capita... Continue Reading
Fulham Town Hall will be bought by one of eleven official bidders, with a decision made by Christmas on who will take on the historic hall.
The property was listed for sale by Hammersmith and Fulham Council in May as part of its attempts to reduce its £133 million debt. Since the sale was announced, developers have been clamouring to put forward their proposals for the site, which have included hotel, retail and housing plans.
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The business owners behind Britain’s small and medium-sized enterprises (SMEs) have said that their biggest cause of business distress is a downturn in demand for their wares.
In a survey carried out by commercial debt recovery solicitors, Lovetts, business owners across the UK were asked to rate different economic factors according to how important they were for their businesses. The primary issue was found to be falling demand, f... Continue Reading
A care home that is in urgent need of a new, experienced ownership team has been put up for sale by Kent County Council.
The Sea View Lodge in Herne Bay had its official registration cancelled by Magistrates in Canterbury in June, after the Care Quality Commission (CQC) sought "to protect people at Sea View Lodge", after reports of failing standards of care... Continue Reading
A number of interested parties have already expressed their interest in a landmark Cheltenham building that has been put up for sale, with the current highest bidder seeking to transform it into a high-end restaurant.
Montpellier Lodge - a former park-keeper's residence - is being put up for sale by Cheltenham Borough Council, after the council cabinet gave the go-ahead for the sale on Tuesday. Speaking at the meeting of the co... Continue Reading
A successful hotel on the sunny Isles of Scilly has been put up for sale by its owner, who plans to exit the business on retirement.
The St Martin’s on the Isle Hotel is a 30-bedroom establishment, with a leasehold until 2107 and a guide price of £2.5 million. Trading figures from last year show that - during its seven-month open period between March and October - it generated sales of £1.467 million, with EBITDA of £283,000.
Lord Viscount Cowdray is planning to hold what has been dubbed as “the grandest car boot sale of the year” in September, it has been reported.
The news comes after he recently sold his painting, A Portrait of Miss Read, for the record amount of £6.5 million. This week, Lord Cowdray invited a Daily Mail journalist to look around his home, where he is already gathering together other items to sell off. The items are expected to fe... Continue Reading
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