|
News Index
Next
Previous
London & Edinburgh
Swallow Group, the firm behind Swallow Hotels and the Gourmet Pub Company, has
called in administrators from Ernst & Young.
The Group said it has struggled for some time in the face of increasing heavy
losses.
Swallow Group operates 671 sites across the UK, including the Kent International
Hotel and Swallow Carnoustie, and has about 7,300 staff.
The Group is the holding company for five firms including London and Edinburgh
Inns, Newlord, and React Inns.
Ernst & Young said the firm would operate as normal while it examined options
including the sale of assets.
Angela Swarbrick of Ernst & Young commented: "We are continuing to trade the
various companies on a 'business as usual' basis while we explore the
possibility of a sale of the businesses and their assets as going concerns".
For regular details of troubled companies
click here
for a free trial of RedAlert
Source:
RedAlert
|
