Art Hotels wins winding up breathing space
A hotel chain with venues in Berkshire, Buckinghamshire and Oxford has been given five weeks to fend off winding up moves by the taxman.
Registrar Clive Jones at London's High Court formally adjourned the winding-up petition brought against Art Hotels UK Ltd by Her Majesty's Revenue and Customs for 35 days to give the company time to settle the undisclosed debt that gave rise to the winding up petition.
The matter will return to court on 19 May.
No other details were given during the brief hearing, but Art Hotels UK's website lists three hotels: the four-star, 34-bedroom Fredericks in Maidenhead, Berkshire; the 48-bedroom Pinewood, George Green, Buckinghamshire; and the 35-bedroom Spread Eagle in Thame, Oxfordshire.
If the company been compulsorily wound up, its affairs this would have been handed over to an Official Receive, who would have aimed to pay off all debts by selling any assets available and then bringing the business to a close.
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