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Lime directors pre-pack Salford Quays bar

EXCLUSIVE: Vanderhook vows to trade on after operating company collapses

Published on September 29th 2010.


Lime directors pre-pack Salford Quays bar

The company that owns Lime Bar on Salford Quays has gone into administration.

The former directors of managers and directors have bought the business back, however, and will continue to trade.

Amberley Bars Ltd, which traded as Lime, appointed the Manchester office of Baines & Ernst as administrators on September 16, following a petition from HM Revenue & Customs. But David Vanderhook and his wife Joanne have bought the bar out of administration for an undisclosed sum, through a new company called Eastdowns Bars Ltd.

Lime’s sister bar, on Booth Street in Manchester city centre, closed in March, which owner Vanderhook put down to high rents and a drop off in customers during the recession.

He told Confidential the Quays bar had made money over the last couple of years, however, and was well-placed to take advantage of the forthcoming BBC move to MediaCity. It recently hosted the Muse after show party following the band’s gig at Old Trafford cricket ground.

“The trade on Salford Quays was good,” he said. “When the city centre was flying, it paid for the Quays in the first couple of years, which were quiet.

“It started to make money, but not enough to keep them both going so we let Booth Street go.”

Vanderhook said some of the creditors – including HMRC – ‘had not been helpful’ in trying to keep the old business afloat, but he had been supported by Heineken, its biggest creditor, and its landlords at Emerson Properties. He would not disclose how much the old company owed to its creditors.

The bar employed 35 staff and most have been retained, although some redundancies have been made.

“We were a bit top-heavy on the management side once Booth Street closed,” he said.

“You can have a bit of bad luck in this game – and we have – but we’re prepared to trade through it. We think we’re in a good spot and the area is starting to improve."

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Burt CodeineSeptember 30th 2010.

From a retail/leisure aspect, Lime Bar at the Lowry Outlet & wider Quays is an oasis in a desert. Saved my soul many a time on trips to said outlet. Just hope it can stay afloat a while longer till 'Mediacity' opens and then, hopefully, it's fortunes will take a turn for the better.

ToddOctober 6th 2010.

Just try and hang in to the bbc turn up !, the place will be full of media people all spending their fat taxpayer funded wages in Lime bar on cocktails and latte's , salvation is on its way!

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