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

Squire Hotels' Best Western Plus Samlesbury hotel falls into administration

12 April 2018 by
Squire Hotels' Best Western Plus Samlesbury hotel falls into administration

Squire Hotels' Best Western Plus Samlesbury hotel in Preston has fallen into administration after being issued a winding-up petition by HMRC last month.

Matthew Ingram and Steven Muncaster of Duff & Phelps have been appointed joint administrators of the 86-bedroom hotel.

The joint administrators are trading the hotel as a going concern and it remains open for business, with current bookings being honoured while Duff & Phelps seeks a buyer.

A spokesperson from Best Western GB head office said: "We can confirm that the Best Western Plus Samlesbury hotel, part of Squire Hotels Group is currently in administration, but continues to trade as usual."

Squire Hotels was formed in 2012. The group also operates the 64-bedroom Etrop Grange hotel near Manchester Airport and the 84-bedroom Hydro hotel in Windermere in the Lake District. The other hotels are not affected.

The company's financial statement for the year ended 31 March 2016 turnover of £1.88m, and profit of £284,191.

Ingram said: "Consumer confidence is the driving force of the sector, and as such, its health is dependent on economic certainty. With Brexit on the horizon and inflation on the rise uncertainty is building; meaning consumers are increasingly tightening their belts. This coupled with the introduction of the National Living Wage in 2016, which hugely impacted the leisure industry as a whole, has meant that those in the sector are facing a bumpy road ahead."

An earlier version of this article stated that Squire Hotel Group was founded by Chris Eddlestone. He has since contacted The Caterer and told us this is not the case. We are happy to put this on the record.

The Samlesbury Hotel joins Best Western Plus >>

Windermere Hydro sold to Squire Hotels for £3.75m >>

Etrop Grange sold to Squire Hotels >>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group 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.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking