Elizabeth Hotels Limited, Cavendish Hotels Limited and Elizabeth Estates (BS) Limited (all in Administration)

Allan Graham and Jane Moriarty from KPMG were appointed Joint Administrators over Cavendish Hotels Ltd, Elizabeth Estates (BS) Ltd and Elizabeth Hotels Ltd (the 'Companies') on Tuesday 8th December 2009.

 

Principal features of the business include:

- 14 hotels (11 company operated, 3 leased out to third parties);

- 13 Public Houses leased out to third parties;

- 462 members of staff.

The hotels and pubs are located in East Anglia and Essex and are of mid range focus.

Joint administrator Allan Graham said:

"The company's financial liabilities made it impossible to continue running the businesses as they stood. We will continue to trade the business in the short term whilst a buyer is sought for the hotels and pubs, individually or as a group."
 
The administrators are aware that a number of customer deposits have been paid in respect of events to be held at the hotels over the festive period.  These are currently being reviewed and it is hoped that they can be honoured, as far as circumstances permit.
 
Four hotels operated by the Companies will continue to trade in other group companies outside of the administration. The employees that worked in these hotels, as well six employees employed by Elizabeth Hotels Limited at the group's central head office transferred to other group companies prior to the administration appointment.

Interested parties should contact ;

KPMG ;  Alan White (0161 838 4027), Dom Pannozzo (01727 733 127)

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For further information please contact

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About KPMG:

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with 11,500 partners and staff.  The UK firm recorded a turnover of €2.2 billion in the year ended September 2008. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 148 countries and have more than 113,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss cooperative. KPMG International provides no client services.