Apex Hotels in 'going concern' warning due to Covid-19 crisi

Apex Hotels in 'going concern' warning due to Covid-19 crisis


APEX Hotels has warned the ongoing coronavirus pandemic represents a “material uncertainty” over its ability to continue as a going concern, accounts newly filed at Companies House reveal.
However, the Scottish company, which has 10 four-star hotels located across Edinburgh, Glasgow, Dundee, London and Bath, has declared that it anticipates a “strong recovery in hotel and hospitality operations in the short to medium term as we emerge from the Covid-19 pandemic.”
The hospitality industry began to reopen in Scotland last week (April 26) after being shuttered since Boxing Day under lockdown measures. But while hotels, bars and restaurants are welcoming customers again, the sale of alcohol is currently confined to outdoor areas. Sales of alcohol are expected to be permitted indoors again from May 17.

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