Company behind Sheffield’s Gatsby and Picture House Social liquidates owing £700,000 but both venues to remain open

  • 📰 The Yorkshire Post
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

A company behind two of Sheffield’s most well-known bars has gone into liquidation owing over £400,000 to HMRC – but both venues are set to continue trading.

Bar Public Limited, which runs Gatsby, on Division Street and Picture House Social, on Abbeydale Road, appointed liquidators on October 5. According a document posted to Companies House on the same day, the business owed a total of £783,948 to various parties, including £452,179 to HMRC. The company's liquidator, however, told The Yorkshire Post that they understand both bars remain open and will continue to trade through new businesses, run by the same directors.

The companies owed a combined total of £208,043 to HMRC at the time of appointing liquidators in 2020. Later documents posted to Companies House stated that no dividends would be available to unsecured creditors for either company, which included HMRC in both cases. Both companies shared the directors James Paul O’Hara and James Nicholas Hill, who are also joint directors of Bar Public Limited.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 39. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines