A Liverpool venue that owed more than £9m as it collapsed into administration has been sold for around £3m.
An offer has been accepted for Alma De Cuba which had been on the market with an asking price of £2.8m.
The restaurant and bar, which has also been used as a private hire and events venue, is located in the Grade II-listed former St Peters Church in Seel Street.
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It first opened in 2005 and became a celebrity favourite with Liverpool FC holding their players’ party at the venue following the team’s 2006 FA Cup win.
It was acquired by Signature Living for £3.1m in 2017 to become one of its 60 entities that trade as hospitality, hotel and residential property operators and developers.
BusinessLive reported in July that the company behind the venue faced a winding-up petition from HM Revenue and Customs (HMRC) due to "unpaid historical and current tax liabilities". That prompted its secured creditor to demand its outstanding debt of more than £2.7m to be repaid.
The business did not challenge the winding-up petition and the secured creditor appointed Kroll as administrator of Alma De Cuba in May 2022.
Up until then, the venue was operated by UK Accommodation Ops Limited (UKAOL) under a management agreement with the company.
Avensis Hospitality is engaged by UKAOL to look after the day-to-day operations which will continue until further notice, administrator Kroll said.
According to the documents from Kroll, Alma De Cuba owed more than £2.7m to its secured creditor and over £6.6m to unsecured creditors.
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