Strathmore Hotels, eight-hotel group, enters administration after HMRC VAT claim

HMRC claimed about £2.8 million in unpaid VAT, and a winding-up petition followed in July. Sole lender Handelsbanken, owed £11.1 million, went to the Court of Session to have administrators appointed. The 2025 accounts showed a £5.6 million profit on £22 million turnover.

All hotels, employing about 410 people, continue to trade while Christie & Co market them, individually or as a portfolio. Legacy manages day-to-day operations.