ADMINISTRATORS from FRP advisory have been appointed to M & K Cotton hotels.
Chris Stevens (pictured above) and Ian Vickers, partners at FRP Advisory, were appointed join administrators.
M & K Cotton is the operating company behind Sandpapers Hotel based in the Isle of Wight and the Harboro Hotel in Leicestershire. The administrators are continuing to trade at both establishments.
Stevens said: “Trading is ongoing at both hotels and they are continuing to welcome guests as usual, with no plans to close. Meanwhile, we are hopeful of finding a purchaser in the near future, to protect the business and its employees.”
The company was placed into administration following financial difficulties that resulted in it being unable to continue trading without the protection of an insolvency process.
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