Bar Vasa continues to welcome patrons, says FRP Advisory

PRLog (Press Release) - Aug. 31, 2010 - Bar Vasa, a Mediterranean style restaurant/bar with private hire facility situated on the Esplanade in Folkestone, is open for business as usual, despite entering into receivership in June.

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@frpadvisory.com  Tel: +44 (0)20 7467 4134 Mob: +44 (0)7852 911 179
Georgina Swain, Director, FRP Advisory Press Office, Tel:  +44 (0) 207 467 4297 Mobile: +44 (0) 7881 523 345 Email: georgina.swain@frpadvisory.com

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/aboutus_people_chris_stevens.html

For more information about Ian Vickers, click here: http://www.frpadvisory.com/aboutus_people_ian_vickers.html

To contact the FRP Advisory Press Office, click here: http://www.frpadvisory.com/press.html

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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.