Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Business
Jon Robinson

Liverpool venue Alma De Cuba sold in deal worth around £3m

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.

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

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.

READ NEXT:

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.