Time called at Cheshire bar due to impact of rising costs and pandemic
A Cheshire leisure site is closing due to difficult trading conditions, it announced today (March 28).
Northwich-based Revival Bar & Club said it has faced multiple challenges since it opened in August 2020, with COVID-19 restrictions forcing a temporary closure, and then rising energy, inflation and supplier costs further impacting its ability to operate profitably.
Michaela Daly, director at Begbies Traynor in Staffordshire, and Chris Knott, insolvency director, were appointed as joint liquidators on March 22, 2023.
The closure will result in the loss of seven jobs.
Michaela Daly said: “Despite being a popular venue since it opened, Revival Bar & Club has faced unprecedented economic pressures.
“After navigating the restrictions imposed during the COVID-19 pandemic, rising prices across the board and the cost-of-living crisis have sadly resulted in its closure.
“After exploring several options, the director made the very difficult decision to cease trading.”
She added: “The hospitality industry has been particularly hard hit by the recent economic climate, and sadly the issues faced by Revival Bar & Club are increasingly common among many businesses.
“The immediate strategy is to coordinate the realisation of the assets and ensure the claims of the various stakeholders, including the employees, are dealt with and managed as efficiently as possible.”
Steve Hilditch, Revival Bar & Club director, said “When we took over the venue, we really wanted to make it work and we tried our best.
“Unfortunately, we are unable to continue operating in the current economic climate.
“Our energy costs and supplier prices increasing each month have made it impossible for us to carry on.”
He added: “We wish our fellow venues in the town the best of luck in the future and hope the community can get behind them and increase the footfall into the nighttime economy.”