BusinessBusiness RecoveryBoizot’s Peterborough hotel enters administration

Boizot's Peterborough hotel enters administration

Well known Peterborough businessman Peter Boizot sees his Great Northern Hotel enter administration

The hotel owned by Peterborough businessman and freeman of the city Peter
Boizot has entered administration.

Administrators from Tenon Recovery were appointed administrators of the Great
Northern Hotel.

‘We propose to continue to trade the hotel while seeking a buyer, thereby
also potentially protecting local jobs,’ said a statement from joint
administrators Tim Dolder and Colin Wilson.

‘Due to the hotel’s superb location, we anticipate significant interest.’

The business has suffered due to the current economic crisis.

Boizot has been awarded an MBE, and founded the Pizza Express restaurant
chain in 1965. He is also a former chairman of Peterborough Football Club.

Further reading:

KPMG called in to restructure
Johnston Press

Personal insolvency
soars

Administrations, receiverships and
CVAs up 220%

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