Companies behind a boutique hotel in Salford have insisted it’s business as usual despite filling for administration.
The group made up of Artisan H1 Limited, The Ainscow Hotel Limited, Greyday LLP, and Artisan Group Facilities Management Limited, own The Ainscow Hotel in Salford as well as a number of assets throughout Manchester and Liverpool.
On September 2 and 3, Jimmy Saunders and Andrew Knowles, both of Kroll Advisory Ltd were appointed joint administrators of the four companies.
According to reports, bookings at the 75-bedroom Ainscow Hotel are still being honoured, with ‘no disruption to trade expected’.
As a result, the hotel will trade as a going concern by the joint administrators.
A number of apartment buildings owned by the companies, including properties at The Block on Liverpool Waterfront, are hoped to be sold off.
However, administrators note that the buildings have been ‘impacted by the industry ramifications’ from the Grenfell Tower disaster.