Wedding venue goes into administration
‘WE’LL TRY TO HONOUR BOOKINGS’
A WEDDING and entertainment venue in the county has gone into administration.
Administrators say Hothorpe Hall, near Theddingworth, has suffered sustained cashflow difficulties since the start of the coronavirus pandemic.
There is some reassurance for couples who have weddings booked at the venue, with administrators pledging to endeavour to honour existing events bookings, where possibly permitted by government restrictions, while they try to find a buyer for the business.
The 55-bedroom venue currently remains closed because of Covid-19 restrictions and all 30 members of staff remain furloughed, although a small number are expected to be taken off the government’s jobs retention scheme and return to work to assist administrators with their duties. Yasmin Bhikha, director at FRP Advisory and Joint Administrator, said: “Like much of the rest of the UK hospitality and leisure sector, Hothorpe Hall has seen their ability to operate severely restricted by the pandemic, which has led to financial difficulties and need for restructuring.
“The administration provides some protection as we explore options to secure a future for the group. We have launched a marketing process to find investors and are having conversations with interested parties.”
Hothorpe Hall, near Lutterworth, is a subsidiary of Methodist Guild Hotels Ltd, which has also called in administrators for its other company, Methodist Guild Holidays Ltd, which operates three hotels in other parts of the country.
For business and asset sale and other inquiries, ring FRP Advisory on 0116 303 3333 or e-mail: