The lodge counts greater than 90 bedrooms and an occasion house.
The Mour Lodge at Sherwood Enterprise Park has fallen into administration (Picture: Mour Lodge)
An award-winning lodge in Nottinghamshire has plunged into administration. The operator of the 92-bed Mour Lodge, which is positioned on Sherwood Enterprise Park close to Annesley off the M1, appointed directors on March 18.
Bob Maxwell and Julian Pitts of BTG, who’ve been appointed joint directors of Seymour Capital Ltd, have confirmed the putting venue continues to be working however requires new possession. The lodge has not made any of its 60 workers redundant and continues to function as regular, with the directors explaining it might honour all current bookings, whereas it appears to draw extra enterprise till a purchaser is discovered.
The Mour Lodge at Sherwood Enterprise Park. (Picture: Joseph Raynor/Attain plc)
The enterprise lodge, which has a 150-person occasion house, assembly rooms and a high-end bar and grill restaurant, in addition to a health suite, was initially the primary of the Dakota chain of motels based by former F1 driver David Coulthard and was designed by acclaimed lodge designer Amanda Rosa. The lodge boasts to have been named ‘most fashionable’ in 2006.
Bob Maxwell, companion at restructuring agency BTG, mentioned: “The lodge is a famend, award-winning venue with a thriving midweek enterprise following as a result of its fashionable design and glorious location within the coronary heart of the UK. The enterprise has suffered from decrease occupancy charges at weekends, and underutilisation of its glorious occasion amenities.
“The venue is 100% open as common, and no bookings or occasion reservations might be affected in any method.
“The wonderful administration workforce on the Mour are serving to to make sure that clients obtain first-rate service and might be bringing new advertising efforts and offers to make sure the enterprise trades positively whereas we work with brokers to safe a purchaser within the coming weeks.”
“We anticipate quite a lot of curiosity within the property and enterprise as a result of its prime quality, and the current closure of a competing venue regionally that has considerably boosted ahead bookings.
“No redundancies are being made, actually it’s attainable that we may have to rent extra workers as we head into the busier spring and summer season seasons.”
Proprietor Russell Allen, of Seymour Capital, mentioned the enterprise was not bancrupt and will pay its invoice, however the firm, in recent times, had struggled to repay the capital of the £6million borrowed to purchase the Mour in 2020. Mr Allen claimed the enterprise was compelled into administration after failing to agree on monetary restructuring with lender Virgin Cash.
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He additionally mentioned buying and selling had just lately improved, with bookings up and native developments anticipated to spice up demand additional. He added that he hoped to promote the lodge for round £6.75million – sufficient to cowl what was owed.
A spokesperson for Virgin Cash mentioned it tries to help companies in issue however couldn’t proceed backing the lodge on this case. They mentioned: “Whereas we’re not ready to enter element on particular instances, we are going to at all times attempt to help a enterprise in difficulties. Nevertheless, on this event it has not been attainable and directors have been appointed.”
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