E&Y shuts six more Swallow hotels
Administrators forced to cut more jobs
Ernst & Young, the administrator of the London & Edinburgh Swallow
Group, has been forced to close six more hotels and pubs managed in the group.
The decision has resulted in the loss of approximately 120 jobs.
As in previous instances, the administrators were unable to find a buyer for
them after exploring ‘every possible avenue’ to save them since being appointed
on 14 September.
Last month, E&Y was forced to close down 20 hotels and pubs in the group.
Angela Swarbrick, joint administrator said: ‘It is unfortunate that despite
negotiation with interested parties, it has not been possible to conclude a sale
of these hotels and pubs to secure their long term future. Regretfully, we are
no longer able to continue trading the sites affected.’