Anyone interested in this need look no further than the history of the refurbishment and opening of the Doubletree Hilton in Liverpool, facts of which are in the public domain (Google is a marvellous thing) and are summarised below.

The original company was El Layla Properties which went into compulsory liquidation with creditors owed £1,705,815.00. The only asset the company had was some land which was purchased by the company for £5m and was the subject of a single offer to the receivers of only £10,000. From what I can determine in the Baker Tilly report no creditor received a penny and they had started to investigate transactions to a related company but this was abandoned as being 'uneconomic'. One of the companies issuing the winding up order was Porcelanosa (North West) Limited.

Layla Hotel Liverpool was a proposed prestige project subject to prolonged delays (ten years in total) but is now open as the Doubletree Hilton Hotel under a newer limited liability company 'Layla Hotels Liverpool'. The new hotel company seems to list no assets and allegedly already has a deficiency for creditors some of whom are still seeking payment for works in the prior and current companies which both list Dr Marwan Badea Koukash as Director.

The time elapsed between the compulsory winding up due to insolvency of El Layla Properties and forming the new limited liability company Layla Hotels was a mere 72 days.

Koukash is also a director and shareholder of the Oxford Management Centre, which in January 2016 was compulsory struck off. The company was the focus of four previous strike off actions.

A quick Google will also reveal six dissolved Directorships in the last ten years and a reported current net worth of negative £7m.

Just reporting the facts and figures which can be found using a simple Google search. Interpret them as you will.

As a postscript, I have just read this as well;

www.liverpoolecho.co.uk/whats-on ... n-10953797

Anyone interested in this need look no further than the history of the refurbishment and opening of the Doubletree Hilton in Liverpool, facts of which are in the public domain (Google is a marvellous thing) and are summarised below.

The original company was El Layla Properties which went into compulsory liquidation with creditors owed £1,705,815.00. The only asset the company had was some land which was purchased by the company for £5m and was the subject of a single offer to the receivers of only £10,000. From what I can determine in the Baker Tilly report no creditor received a penny and they had started to investigate transactions to a related company but this was abandoned as being 'uneconomic'. One of the companies issuing the winding up order was Porcelanosa (North West) Limited.

Layla Hotel Liverpool was a proposed prestige project subject to prolonged delays (ten years in total) but is now open as the Doubletree Hilton Hotel under a newer limited liability company 'Layla Hotels Liverpool'. The new hotel company seems to list no assets and allegedly already has a deficiency for creditors some of whom are still seeking payment for works in the prior and current companies which both list Dr Marwan Badea Koukash as Director.

The time elapsed between the compulsory winding up due to insolvency of El Layla Properties and forming the new limited liability company Layla Hotels was a mere 72 days.

Koukash is also a director and shareholder of the Oxford Management Centre, which in January 2016 was compulsory struck off. The company was the focus of four previous strike off actions.

A quick Google will also reveal six dissolved Directorships in the last ten years and a reported current net worth of negative £7m.

Just reporting the facts and figures which can be found using a simple Google search. Interpret them as you will.

As a postscript, I have just read this as well;

www.liverpoolecho.co.uk/whats-on ... n-10953797