A liquidator has been appointed to a popular Southport Bar & Eatery that has ceased trading.
Stuart Kelly, of insolvency practice HBG Advisory Ltd, has been appointed liquidator of Orchardhall Ltd, trading as Eighty-Eight Bar & Brasserie. 25 employees have been made redundant as a consequence.
As a result of a significant fall in trade and a high level of fixed costs, Bar Eighty-Eight ceased trading on 8 January 2018.
Mr Kelly of HBG Advisory said: “Bar Eighty-Eight is a very well-known bar in the heart of Southport town centre. It is a bar that has been extremely popular over the years with locals and tourists alike. It is very sad news that the bar has now been forced to closed due primarily to a material fall in trade.
The board of directors of the company have considered its financial position and have now concluded it is insolvent. It was wound up and placed into creditors’ voluntary liquidation on 16th January 2018.”
Information to Creditors – How to make a claim as a creditor
HBG Advisory Ltd have sent out Proof of Debt & Proxy Forms to all known creditors, if you haven’t received one please contact HBG Advisory Ltd on 01772 439 500 or visit http://www.hbgadvisory.co.uk/creditors-guide/
Information to Former Employees – How to make a claim as an employee https://www.gov.uk/claim-redundancy
To make a claim online you will need the following:
· a case reference number – contact HBG Advisory Ltd on 01772 439 500 or visit http://www.hbgadvisory.co.uk/employee-guide/
· your National Insurance number
· your email address