160 jobs at risk as Sketchley Grange Hotel, Burbage, Leicestershire enters administration
Around 160 jobs are in jeopardy after a luxury hotel hit financial problems.
The business behind the four-star 95-bedroom Sketchley Grange Hotel, in Burbage, has gone into administration.
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Sketchley Grange Hotel
Administrators Deloitte blamed the fact a sister company, developer FE Downes, had gone into liquidation after owing HM Revenue & Customs a "significant" sum in unpaid VAT.
A major expansion, which saw the creation of an additional 43 bedrooms, as well as conference and wedding facilities, was delayed because FE Downes had been working on the scheme. However, the work was eventually completed.
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Joint administrator Adrian Berry said: "The disruption to the hotel arising from the delay to the extension, combined with a downturn in economic conditions, has impacted on the hotel's trading performance."
Mr Berry said the hotel will continue to operate as normal and all deposits for future functions will be honoured. He said a sale of the hotel in the foreseeable future is unlikely and a management company will be appointed in the new year.
Comments
by Bob491
Friday, December 21 2012, 12:39AM
“This reckless austerity has a lot to answer for, doesn't it.”
by leicesterg
Thursday, December 20 2012, 9:08PM
“such a shame me and my family come here all the time to see tribute bands we are due to come here in january as well. we love coming here :-(”
by City_C10
Thursday, December 20 2012, 12:42PM
“This is a shame; the hotel is a very nice place (I have visited the hotel in the past). Times are hard for everyone and for all businesses, I wish them well.”
by leic-star
Thursday, December 20 2012, 12:31PM
“Probably the best hotel I have been to in leicestershire...will be sad to see it close the master suites are 2nd to none!”