Ernst & Young administrators have sold more Swallow Hotels and London
& Edinburgh pubs, as the break up of the London & Edinburgh Swallow
Five hotels and two pubs were sold today to Gelink Limited, saving 258 jobs.
Joint administrator Angela Swarbrick, said: ‘We are delighted to have been
successful in selling a further seven properties and securing jobs of employees
at these sites.’
The sale is better news for
Ernst & Young, which has
been selling and closing the group’s hotels and pubs since in a piecemeal
approach since it went into administration a month ago.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children