A deal for around £3m has been agreed for a Liverpool venue that owed more than £9m as it collapsed into administration.
Alma De Cuba had been on the market with an asking price of £2.8m after being put up for sale by advisory firm Kroll.
An offer has been accepted for the venue, but it's not yet known who the buyer is.
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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