'Offers invited' as troubled hotel is put on the market

Administrators have put a popular Lancashire hotel and wedding venue on the market, and appointed an agent to handle the sale.

- by Catherine Musgrove

Martyn Rickels and Anthony Collier, partners at specialist business advisory firm FRP, were appointed to lead the administration and sale process of The Villa Wrea Green earlier this month, after tough trading circumstances.

At that time Mr Rickels said: "The inflationary pressures of recent years have had a significant impact on the cost of doing business, particularly in the hospitality sector which continues to experience legacy financial issues from the pandemic."