Date Published: 20th January 2014
On 13 January 2014 Bob Maxwell and Nick Reed of Begbies Traynor in Leeds were appointed as joint administrators of the well-known country house hotel, Dunsley Hall, near Whitby.
Set in five acres of landscaped grounds, the Victorian hotel has suites for up to 120 guests and is a popular venue for wedding receptions, special occasions, and conferences. The hotel will continue to trade whilst in the hands of the joint administrators who expect to sell the business as a going concern.
Joint administrator Bob Maxwell said: “Like a number of other hotels we have been appointed over the last couple of years, the financial problems at Dunsley Hall Country House Hotel have been caused by a slowdown in consumer spending.
“We are continuing to run the business as normal whilst we seek a buyer. Already, we have been approached by several interested parties and we are hopeful of completing a sale in the near future.”
All enquiries should be made to James Cresswell at Begbies Traynor on (0113) 244 0044.
Bob is the managing partner in our Leeds office. Prior to joining the firm, he was a partner at Deloitte and Kroll and he has nearly 20 years’ restructuring and recovery experience. Bob qualified as an ACA in 1990 and is a Licensed Insolvency Practitioner. He has led numerous cases, both domestic and international, incorporating turnaround assignments, financial restructuring and insolvencies.
Bob has experience across a broad range of industries including retail, manufacturing, distribution, construction, motor retailing and media. His clients include banks, Asset Based Lenders (ABLs), venture capitalists, pension scheme trustees, corporates and government.
He has undertaken two major secondments to assist UK clearing banks, advising them on developing turnaround strategies for their clients in financial difficulty.
More recently, Bob has been responsible for delivering a project with Clydesdale Bank aimed at tackling its distressed property portfolio. He led a team of 12 staff throughout the UK, working with the Bank staff to manage a portfolio of circa £800m of debt with over 1,000 properties. As part of this project, he formulated strategies to create consensual solutions between the customer and the bank as well as undertaking a significant number of LPA appointments in situations where enforcement action was required.