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FRP Advisory appointed administrators to M & K Cotton Limited hotels

03-08-2011 06:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: FRP Advisory

Chris Stevens and Ian Vickers, partners at FRP Advisory LLP, the specialist restructuring, recovery and insolvency firm, were appointed Joint Administrators on 24 February 2011 to M & K Cotton Limited, operating company of both Sandpipers Hotel in the Isle of Wight and The Harboro Hotel in Melton Mowbray, Leicestershire. Both hotels are continuing to trade, welcoming guests and patrons as usual.
The company was placed into administration following financial difficulties that resulted in it being unable to continue trading without the protection of an insolvency process.
The Joint Administrators are continuing to operate both hotels as normal, with the assistance of appointed managing agents. They are also conducting an extensive marketing campaign for the sale of the business.
Commenting on the case, Chris said: "Trading is ongoing at both hotels and they are continuing to welcome guests as usual, with no plans to close. Meanwhile, we are hopeful of finding a purchaser in the near future, to protect the business and its employees."
Interested parties in the sale of the business should contact Tim Meek at James A Baker on 01225 789 343.

About FRP Advisory
FRP Advisory LLP is focused on creating, preserving and recovering value for its clients.
The firm offers a comprehensive suite of services to the mid-market and financial community. These focus on enhancing the performance of businesses, as well as saving businesses in distress.
Services include: commercial & asset finance, corporate insolvency, restructuring, independent business reviews, interim management & placement services, personal insolvency & advisory, creditor services, insolvency investigation services and banking live-side support.
With 28 partners and 200 staff, FRP Advisory is one of the largest restructuring, recovery and insolvency firms in the UK, operating out of nine regions including: East Midlands, Eastern Region, Kent, London, North, South West, St Albans, Sussex and West Midlands.
To find out more, visit www.frpadvisory.com

10 Furnival Street
London
EC4A 1YH

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