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Liverpool Echo
Liverpool Echo
World
Jon Robinson

City centre venue Alma De Cuba racked up debts of over £9m before entering administration

A Liverpool restaurant, bar and private hire venue located in a former Catholic church owed more than £9m when it entered administration, it has been revealed.

Alma De Cuba is based in the grade II-listed former St Peter's Church in Seel Street, having first opened in 2005.

The venue quickly became a celebrity favourite, with Liverpool FC holding their players’ party at the venue following the team’s 2006 FA Cup win, and was later acquired by Signature Living for £3.1m in 2017.

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However, according to newly-published documents from administrators Kroll, the company 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 newly-published documents from Kroll, Alma De Cuba owed more than £2.7m to its secured creditor and over £6.6m to unsecured creditors.

Kroll's document reveals there are expected to be enough funds to pay back the secured creditor but not anyone else.

Six parties have registered their interest to buy the business and its assets but a date for preliminary offers has not yet been set.

All 48 employees have been retained to assist UKAOL to trade the business while it is in administration and are expected to transfer to the new owner if a sale is completed.

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