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
‘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.
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