Overview
- FRP Advisory’s Ian Corfield and Anthony Simmons were appointed joint administrators on January 7 and initially kept the venue trading while marketing the business and lease.
- An email to customers confirmed the company ceased trading with immediate effect on February 10.
- Local reports state all staff were made redundant, though the precise number has not been confirmed; Companies House recorded 121 employees in 2024.
- A filing to Companies House said significant quarterly rent had left the business loss-making overall, and attempts to restructure the lease or return the property were unsuccessful.
- Administrators reported receiving four offers but did not secure a deal to keep the venue operating, affecting a 120-plus-room hotel with major conference suites and a health club.