Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Liverpool Echo
Liverpool Echo
World
Jon Robinson

Gin bar at Liverpool's Royal Albert Dock owed over £300,000 when it closed

More than £300,000 was owed by an underground gin bar at Liverpool's Royal Albert Dock when it closed, new documents have revealed for the first time.

Turncoat has entered liquidation after shutting for the final time in the lead up to Christmas. The venue had first opened in one of the city’s most iconic locations at the start of 2020 in the basement below Revolución de Cuba.

It was run by the team behind Turncoat Distillery which itself was founded in a Liverpool garage in 2016.

READ MORE: Click here to sign up to the BusinessLive North West newsletter

The distillery had become known for creating its own spirits such as Albert Dock gin, Our Man Sicily gin and Dragon Tears gin.

However, writing on Facebook last month, founding director Terry Langton confirmed the distillery would produce its final gins that month.

Newly-filed documents with Companies House have now confirmed that Turncoat Bars Ltd entered liquidation owing £300,155 to its creditors.

Turncoat on the Albert Dock (Turncoat Bar)

Writing on Facebook, Mr Langton said: "Turncoat has decided to distil its last run and start winding down.

"Our bars are now closed, our related pop-up ventures have stopped and the distillery is being dismantled.

"It's been a great six years and I'd like to thank all of our customers for supporting a scrappy little start-up that started in a garage and went on to employ over 40 people, turn over nearly a million pounds and make some amazing products I'm really proud of.

"It's been a rollercoaster since we started and a privilege to have the best customers, both bars and loyal fans.

"I'm glad so many staff have come through Turncoat on its journey, then onto other things in their lives.

"Personally, I won't be returning to craft production after 12 years in the sector. I'm off to grow up and get a proper job.

"Sadly I don't think this country treats small business and entrepreneurs very well.

"Thanks so much for getting behind us and supporting us throughout the years.

Artwork by local artist Jazz Stan inside Turncoat on the Royal Albert Dock (Turncoat Bar)

"A special thanks to our investors Rob, Pete, Richard, Heather and Joanne. To all my friends who put up with my nonsense and to the customers who took a punt on us, especially the ones that actually paid. Liverpool is a great place for start-ups.

"All the best, support local start-ups and business, stick to independent craft stuff - it has soul."

The closure comes after Mr Langton spoke to BusinessLive in April 2021 and revealed how his firm came perilously close to going out of business after being forced to shut due to the Covid lockdown - just a month after launching.

In March, the coronavirus pandemic forced the hospitality sector to close its doors, and until lockdown restrictions eased on April 12 of this year - 13 months - the bar had only traded for a total of 96 days.

Speaking to BusinessLive, Mr Langton explained just how close the firm came to going under, how he managed to keep it afloat - and why he was optimistic about the future.

READ MORE:

Warning issued by M&S Bank Arena owner after losses widen

In-Time rescued by Timpson with 110 jobs and 35 shops saved

Manufacturing giant Exel Composites puts 50 jobs at risk in bid to save millions

Business behind all-pink Boujee restaurant owed more than £3m when it collapsed

Company given £17m from Government to turn bin bags into jet fuel

In-Time rescued by Timpson with 110 jobs and 35 shops saved

Manufacturing giant Exel Composites puts 50 jobs at risk in bid to save millions

Business behind all-pink Boujee restaurant owed more than £3m when it collapsed

Company given £17m from Government to turn bin bags into jet fuel

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.