ao link

You are viewing 1 of your 2 articles

To continue reading register for free, or if you’re already a member login

 

Register  Login

Olde Barn hotel in administration again

The Olde Barn hotel in Lincolnshire has fallen into administration six years after being sold out of administration.

 

The three-AA-starred, 103-bedroom hotel in Grantham fell into administration in 2011 and was sold to the Leena Group for around £2m two and a half years later.

 

However, administrators have been called in once more as the business has suffered from “cashflow pressures”.

 

Diana Frangou and Adrian Allen of RSM Restructuring Advisory were appointed joint administrators of New Barn hotel, trading as the Olde Barn hotel near Grantham, on 27 August 2019.

 

The decision to appoint administrators was made by the directors after the business suffered from cashflow pressures. The joint administrators’ intention is to continue to trade the hotel whilst they market the hotel and business for sale as a going concern. Mohamed Dossa is listed as a person with significant control of the business on Companies House and is one of two directors listed.

 

Frangou said: “Due to cashflow pressures, the directors took the reluctant decision to place the company into administration… We expect that there will be a lot of interest from potential buyers.”


Read More

Olde Barn hotel in Grantham sold for around £2mOlde Barn hotel in Grantham sold for around £2m

Rethinking Food Waste Webinar

Rethinking Food Waste Webinar

Best Places to Work in Hospitality 2025

Best Places to Work in Hospitality 2025

Supplier Awards 2025

Supplier Awards 2025

Queen's Awards for Enterprise

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

Jacobs Media

Jacobs Media is a company registered in England and Wales, company number 08713328. 3rd Floor, 52 Grosvenor Gardens, London SW1W 0AU.
© 2024 Jacobs Media