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HOTEL & RESTAURANT INSOLVENCY SUPPORT

Running a hotel or restaurant requires a difficult balancing act of customer satisfaction, operational efficiency, and financial stability. A specialist service in hotel and restaurant insolvencies can help companies facing monetary pressure to navigate challenging times and steer your business towards recovery.

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Expert Restaurant and Hotel Insolvency Support

The process of navigating financial distress within the hospitality industry will require a specialised approach, as the complexities and challenges of this sector will significantly differ from other industries. Securing expert advice on hotel and restaurant insolvencies is crucial because it will combine in-depth industry knowledge with sector-specific experience in order to address the unique needs of your business. 

Professional insolvency support provides business owners and directors with invaluable assistance in a variety of ways. It can be pivotal in securing a struggling business’s future by tackling payment term negotiations, restructuring debt or parts of the company, and developing a comprehensive plan to guide the company out of trouble and towards recovery wherever possible. 

Inquesta’s team not only specialise in hotel and restaurant insolvencies, but they also offer a holistic approach that addresses current financial issues while also ensuring a strong and stable foundation for growth. This level of expertise can be the difference between company closure and a full recovery.

Download our FREE Guide to Liquidation

If you’re a company owner looking to close down, whether your business is solvent or insolvent, liquidation could be an option for you. While ascertaining whether or not liquidation is for you isn’t so difficult, determining which of the different methods is right for your situation can be. 

Our dedicated liquidation guide will educate you on the various different methods you’re faced with — to help you decide which is best-suited for you, providing you with the most upside possible. Click the button below to find out more!

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Main Causes of Hotel and Restaurant Closures

The shadow of potential hotel insolvency and restaurant liquidation lingers for all owners and directors of companies in this competitive field. All it can take is a relatively minor disruption to operations for the pressure to pile on. Our team of hotel and restaurant insolvencies experts are here to help. 

Inquesta for Specialist Support With Hotel and Restaurant Insolvencies

Navigating financial difficulties in the hospitality industry can be daunting. The unique challenges faced by hotels and restaurants require specialised knowledge and expertise. Our team is here to support you and provide tailored solutions to address your needs. 

At the core of our insolvency services is a commitment to stabilising your business and educating you on the best possible paths forward. We can support you with any aspect of hotel and restaurant insolvencies — our client-focused approach ensures a high-quality, bespoke service at every step. 

By choosing to work with the specialists at Inquesta, you equip your business with the best possible chance of recovery and sustainable growth. Our experience and dedication ensures that you are never alone when facing financial challenges. Partner with Inquesta and secure your hospitality business’s future today. 

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Our Specialist Team

Hotel and restaurant insolvencies offer a number of complex aspects. The team at Inquesta are ideally positioned to support you.

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Steven Wiseglass

Director of Insolvency

A co-founder of Inquesta, Steven is a licensed Insolvency Practitioner with over a decade of experience in the field. He is a member of the Insolvency Practitioners Association, Association of Business Recovery Professionals (R3), and his insolvency licence is issued by the Insolvency Practitioners Association. In addition, he sits on the R3 committee of the North West Regional Committee.

Steven specialises in advising directors of small to medium-sized businesses, and has a wealth of expertise in providing the most appropriate advice whatever the firm’s circumstances may be. He has also been instrumental in helping company directors save their business and rebuild them into successful enterprises.

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FAQs

‘Restaurant liquidation’ refers to the formal process of shutting a restaurant down and selling its assets, such as equipment, furniture, inventory, etc.,  in order to pay off debts owed to creditors. This will often occur when the restaurant is incapable of meeting its financial obligations.

No, restaurants are not recession-proof. Economic downturns can lead to reduced consumer spending, seriously affecting revenues and ultimately resulting in restaurant closures. However, some types of restaurant, like fast-food, or those offering affordable dining options, can fare much better during times of economic turmoil and recessions.

When a hotel enters into liquidation, it will cease all operations and assets will be sold off to repay creditors. This includes selling of furniture, fixtures, equipment, and often the property itself. Employees are typically also laid off and any outstanding reservations will likely be cancelled.

Our Related Services

Company Closure

Company Recovery

Business Health Check

Personal Insolvency Protection