We have today received a sad press release from BDO LLP regarding the administration of Poets House in Ely as well as Paddocks House in Newmarket.
The good news so far is that retention of all 72 staff across both hotels as been maintained and the doors will stay open for business. The directors of the businesses have been made redundant.
Sarah Rayment, BDO Business Restructuring Partner said:
The hotels will continue to trade and are unaffected by the appointment of Joint Administrators over the Companies. It is very much business as usual and customers should continue to contact the hotels in respect of any future bookings or other related queries. The funder to House Collection Limited is committed to supporting operations at the hotels whilst the Administrators undertake their review
The Joint Administrators have appointed local operator, PAT Partners, to support management with the continued operations of the hotels.