The Signature Living company behind an historic hotel development has gone into administration.
Signature Living Coal Exchange Limited, the company behind the hotel at the Coal Exchange building in Cardiff, went into the hands of administrators of financial firm Wilson Field Ltd on May 12, according to the London Gazette's official public records.
It's another blow for the struggling hotel group, and BusinessLive to go into administration - all in the past few weeks.
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The Coal Exchange news comes just four months after Cardiff Council offered Signature Living a £2 million loan to help them finish the delayed development, although this money was never paid to the company.
While the Coal Exchange hotel had partially opened, with around 90 rooms, Signature had been planning further renovations to open up the building fully.
The company that operates the Exchange Hotel in the building is still operating.
Signature Living Coal Exchange's most recently published accounts, for the year ended March 31, 2018, show it had assets worth £10.4m and debts of £19m.
Signature Living Hotel Limited, which used to be the parent company to the Coal Exchange, is also in administration.
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, Signature Living Hotel Limited was the sole shareholder in Signature Living Coal Exchange Limited until March 6, 2020.
According to Companies House information, the shareholdings in the Coal Exchange were transferred to a new company called 海角视频 Accommodation Group Limited, which is also owned by Mr Kenwright, on this date.
On April 29, 海角视频 Accommodation Group Limited subsequently changed its name to Smazzler Limited.
When the ECHO contacted Wilson Field today, a spokesperson said: "I can confirm that Kelly Burton & Lisa Jane Hogg of Wilson Field have been appointed administrators of Signature Living Coal Exchange Ltd.
"We will be issuing our proposals within 8 weeks of appointment which will provide further details for creditors."
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Like a number of Signature Living's other ventures, including the Shankly Hotel in Liverpool and The George Best Hotel in Belfast, worried investors in the Cardiff scheme have spoken out about not being paid back by the company.
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The group's individual companies that have already fallen into administration include those behind the Shankly Hotel and 60 Old Hall Street in Liverpool and the Victoria Mill development in Manchester.
The administrators appointed for The Shankly Hotel, Duff & Phelps, have said that they expect the famous Liverpool hotel to open again for business when lockdown restrictions are lifted.