Latest Unique Property Syndicate Update…
Sunday 8th November 2026
Important Announcements
There are two meaningful events relating to our Sannox Hotel project. Both good.
However, as one requires formal protocols and is a statutory requirement under the Companies Act 2006, we need to take wise counsel.
The directors always consult with the syndicate solicitor and accountant in these events so that all the correct procedures are followed.
To illustrate the regular and real-world problems ferry disruption can cause, this 3 day cluster is a prime example. Frustrating too, as the newbuild MV Isle of Islay just passed the Sannox Hotel’s front windows…
Albeit, the binoculars were needed!
Here is better photo of this brand new ferry by Matthew…
After so long, it is nice to see the second of 12 new ferries sail by the Sannox Hotel’s front windows.
With regard to getting on and off the island, it is the good old MV Loch Tarbert at the Lochranza~Claonaig doing the honours for the time being….
With respect to the unsolicited offer for the hotel, and coming so close to existing shareholders of our Sannox Hotel Ltd., “rights of pre-emption” where new shares are to cover loan funds from the Angel’s Share, and/or issued funds lent to this project from the directors, to the company.
All of this is good news in a way.
It may seem a dry, legal/accountancy matter, but it is real and meaningful movement towards getting the hotel renovations completed and ensuring a new chapter for the place.
Later this week, the UPS News update (deferred for 3 days) for 11th November 2026 will be clarified.
(a). The unsolicited offer.
(b). The conversion of £148,201 of newbuild and renovations work that is sitting on the company books as part of the “creditors: amounts falling due after more than one year.”
(c). It a sign of confidence in the progress at Sannox Hotel, one of the directors has elected to convert funds lent from him to the company and seek the conversion of those funds into equity.
Some general background…
This is Important and requires meeting with the company accountant and solicitor…
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