Chris Stevens and Ian Vickers, Partners at FRP Advisory LLP, the restructuring, recovery and insolvency specialists, were appointed Joint Receivers of the property at 4-5 The Esplanade, Sandgate, on 14 June 2010.
Commenting on the case, Chris Stevens said: “Trading is ongoing and the bar, restaurant and private hire VIP lounge are very much open for business as usual. Meanwhile, a purchaser is being sought for the freehold.”
The property also contains four long leasehold flats on the second and third floors.
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FRP Advisory Press Contacts
Annie Wilson, Media & Communications Manager, FRP Advisory LLP regionalpressoffice@
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About FRP Advisory
FRP Advisory LLP is focused on creating, preserving and recovering value for its clients.
The firm offers a comprehensive suite of services to the mid-market and financial community. These focus on enhancing the performance of businesses, as well as saving businesses in distress.
Services include: commercial & asset finance, corporate insolvency, restructuring, independent business reviews, interim management & placement services, personal insolvency & advisory, creditor services, insolvency investigation services and banking live-side support.
With 28 partners and 200 staff, FRP Advisory is one of the largest restructuring, recovery and insolvency firms in the UK, operating out of 9 locations including London, Bexleyheath, Hornchurch, Birmingham, Manchester, Leicester, North East, St Albans and Worthing.
To find out more, visit www.frpadvisory.com
For more information about Chris Stevens, click here: http://www.frpadvisory.com/
For more information about Ian Vickers, click here: http://www.frpadvisory.com/
To contact the FRP Advisory Press Office, click here: http://www.frpadvisory.com/
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FRP Advisory LLP offers a comprehensive suite of restructuring, recovery and insolvency services to the mid-market and financial community. FRP Advisory is focused on enhancing the performance of businesses, as well as saving businesses in distress.