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TheCountOfNowhere

Whittlebury Hall Goes Into Administration Following Cashflow Problems

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http://www.northamptonchron.co.uk/news/local/breaking_news_whittlebury_hall_goes_into_administration_following_cashflow_problems_1_3064584

"THE owners of Whittlebury Hall have confirmed the hotel and conference venue has gone into administration.

The business, which is understood to have endured a string of cashflow problems in recent months, is continuing to trade as a buyer is sought"

....

"Peter Holder, a spokesman for creditors Zolfo Cooper, said: “This is a profitable and high quality hotel ..."

"“In the meantime, the business will continue to trade as normal, honoring bookings, vouchers and existing gym memberships. "

Two points :

1) This is a luxury "SPA" hotel

2) If they continue to trade then I guess it's their creditors that will be burned ?

This is definitely a sign of the times.

Looks like their profits have been whittle'd away :rolleyes:

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http://www.northamptonchron.co.uk/news/local/breaking_news_whittlebury_hall_goes_into_administration_following_cashflow_problems_1_3064584

"THE owners of Whittlebury Hall have confirmed the hotel and conference venue has gone into administration.

The business, which is understood to have endured a string of cashflow problems in recent months, is continuing to trade as a buyer is sought"

....

"Peter Holder, a spokesman for creditors Zolfo Cooper, said: “This is a profitable and high quality hotel ..."

"“In the meantime, the business will continue to trade as normal, honoring bookings, vouchers and existing gym memberships. "

Two points :

1) This is a luxury "SPA" hotel

2) If they continue to trade then I guess it's their creditors that will be burned ?

This is definitely a sign of the times.

Looks like their profits have been whittle'd away :rolleyes:

Or buried deep.

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I guest this would happen.

They had no more room to maneuver.

Time to throw in any towels that haven't been pinched by guests.

They couldn't room service their debt.

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I think theyve been massaging the figures for too long, time to give everyone rough treatment.

Edited by Bloo Loo

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http://www.northamptonchron.co.uk/news/local/breaking_news_whittlebury_hall_goes_into_administration_following_cashflow_problems_1_3064584

"THE owners of Whittlebury Hall have confirmed the hotel and conference venue has gone into administration.

The business, which is understood to have endured a string of cashflow problems in recent months, is continuing to trade as a buyer is sought"

....

"Peter Holder, a spokesman for creditors Zolfo Cooper, said: “This is a profitable and high quality hotel ..."

"“In the meantime, the business will continue to trade as normal, honoring bookings, vouchers and existing gym memberships. "

Two points :

1) This is a luxury "SPA" hotel

2) If they continue to trade then I guess it's their creditors that will be burned ?

This is definitely a sign of the times.

Looks like their profits have been whittle'd away :rolleyes:

Even the Administrators don't get it right these days! He's quoted as saying : “This is a profitable and high quality hotel ..." "He meant to say 'unprofitable' but too many solvency insolvency instructions have come in lately" said a spokesperson on his behalf.

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  • 336 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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