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Fast-growing backpacker hostel company looking for investment to capitalise on current opportunity.
As we’re hit with the news that house prices have taken another turn for the worse and warned they could fall by another 10% by the end of next year there is an area of property investment that is booming during the downturn.
With food companies such as Subway and Pizza Hut thriving in the economic downtu... Continue Reading
A sprawling West Sussex country home, known as 'the home of polo', is being sold for £25 million, with experts predicting that it will likely be turned into a country house hotel.
Cowdray Park House is 44,000 sq ft, with 13 bedrooms, indoor and outdoor swimming pools, wine cellars, tennis courts, 110-acre grounds and even a bowling alley.
The 19th century home is being sold by its current owner, Lord Cowdray... Continue Reading
The Calyx Group, which supplies managed ICT services from branches in the UK and Ireland, is seeking a buyer after being placed into administration.
Calyx Group employs more than 500 staff based in the UK, Northern Ireland and Ireland. The UK and Northern Ireland sectors will be handled by joint administrators Geoff Rowley and Phil Armstrong, partners at FRP Advisory LLP. The Irish entities will be handled by Tom Kavanagh of Irish i... Continue Reading
Following administration, the 193-bedroom Berners hotel near Oxford Street in London, has been put up for sale, with an asking price of more than £60 million.
The property was previously owned by JJW Hotels & Resorts - which also owned the Eton Collection of seven boutique hotels - which was placed into administration earlier this year. KPMG's Jane Moriarty and James Tucker were appointed joint administrators of the hotel in A... Continue Reading
The residents of a small Cumbrian village are being urged to all chip in to buy their local pub and save it from being consigned to history.
When the Lamplugh Tip, in the village of Lamplugh, near Cleator Moor, rang for its very last last orders at the beginning of August, villagers were devastated to see one of the last bastions of local rural life close.
Local man, Peter Maher, had said all is not lost, however. If t... Continue Reading
Celebrity chef Gordon Ramsay has announced he is to sell The Warrington, a pub in north-west London that he has run since 2006.
The pub has been put onto the market following a decline in custom, following in the footsteps of another Ramsay owned pub, The Devonshire, in Chiswick, west London, which he shut a few weeks ago.
Ramsay paid £5.2 million for The Warrington four years ago and spent another £800,000 on refurbi... Continue Reading
A community pub in Grizebeck, Cumbria, has been put onto the market on the auction website Ebay.
The Greyhound Inn won the Best Traditional Business award in the 2009 Countryside Alliance awards and was taken on by a committee of local people who were desperate to save the pub from closure.
But, 20 months on from the committee’s takeover, the pub’s future remains uncertain. The locals, all of whom were regular cust... Continue Reading
Two hotels in the portfolio of flamboyant businessman, David Hattersley, have been successfully sold in the wake of the collapse of his property empire last year.
Guy Fawkes and Marmadukes Hotel, both in York, have been sold for an undisclosed sum to one unidentified buyer. The sale was carried out by Colliers International, who had been enlisted for the task by joint administrators, Phil Pierce and Andrew Sheridan, of Baker Tilly R... Continue Reading
Following the collapse into administration of Burnside (UK) and Burnside Inns last week, the pub and hotel businesses owned by the firms have been put up for sale.
The Plough Hotel in Stenhousemuir and the Graeme, a hotel bar and restaurant in Falkirk, are both owned and operated by Burnside (UK), while Burnside Inns Ltd owns and operates the Red Lion in Larbert, Stirlingshire.
All three businesses, which are available ... Continue Reading
A historic pub in Bristol is desperately seeking a buyer to save it from closure or being redeveloped into residential accommodation.
The 18th-Century Lamplighters pub in Shirehampton has been standing empty since the building was put up for sale in May by its owner, Enterprise Inns.
Originally Enterprise Inns had promised to renovate and reopen the pub and said a new landlord would be moved in, but decided to market i... Continue Reading
A car maintenance business in Scunthorpe has gone into administration and a buyer is being sought to take on the business as a going concern.
The In 'n' Out facility in Doncaster Road shut its doors after its Northamptonshire-based owner In 'n' Out Services Limited went into administration last Thursday. Six people have lost their jobs.
The firm has also also closed its branch in Derby, which joined... Continue Reading
Despite revealing a rise in annual turnover of almost 24 per cent, pub owner Foundation Inns is planning to sell two of its six pubs.
The company, which was set up in 2007, reported a turnover of £2.6 million for the year to 27 March 2010, while it made a pre-tax loss of almost £540,000, down from £1.75 million in the previous year.
However, these losses were recorded during a period when some of the firm's pubs... Continue Reading
New figures have revealed that the number of insolvencies in the pub industry fell in the second quarter of 2010.
The research, released by insolvency firm Baker Tilly Restructuring and Recovery, show that just 115 pubs were declared insolvent during the second three months of the year, compared to 124 in the first quarter.
As fewer pubs are collapsing, production rates look more likely to remain consistent – news tha... Continue Reading
A successful independent dog grooming business in the beautiful, rural surroundings of North Ayrshire, Scotland, has been put onto the market.
The well-known company, which has been in operation for more than 20 years, has a substantial and long established clientele of pampered pooches.
Situated in the convenient premises of a busy town centre veterinary practice, the dog grooming business can also offer the benefit of... Continue Reading
The popular Birmingham-based pub group, Penn Street Taverns, has announced plans to sell four of its freehold pubs across the West Midlands.
The chain has taken on agent, Christie + Co, to deal with the sales. The pubs it is intending to off-load are the Hampton in Hockley, the Midland and the Beau Brummie, as well as the Bush pub in Wednesday.
The chain has gained a reputation for its premises in the Midlands, operati... Continue Reading
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