Administration of a hotel

Quantuma lead the hotel administration of Charlton House Hotel parent company Kilver Court Trading Limited.

Overview:

  • Traded Charlton House Hotel for 12m with a management company
  • A very hostile appointment –  directors and management team walked out on Day 1
  • Bank initially facing loss of >£3m

Investment:

  • Bank were sole secured creditor owed circa £6m

Outcomes:

  •  Quantuma improved the trading performance and significantly increased wedding trade
  •  Sold Charlton House Hotel to Duncan Bannatyne’s hotel group
  •  Bank losses limited to £2.5m

 

For more information on Administrations, please click here