Leeds bar’s owners face cash flow crisis

Prohibition, Greek Street, Leeds.
Prohibition, Greek Street, Leeds.
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The company which owns and operates one of Leeds’s best-known nightspots has gone into administration.

PBR Leisure’s portfolio includes the Prohibition cocktail bar on the city’s Greek Street, which is continuing to trade 
normally while a solution is sought to cash flow problems which have beset the parent firm.

However, others have not been as fortunate, with 46 redundancies made as a result of the closure of Blu Bambu in Newcastle and Beach in Belfast.

A statement issued yesterday by administrator Zolfo Cooper indicated the “challenging economic climate” was the primary cause of PBR’s difficulties.

“It is regrettable that there was no alternative but to close two sites resulting in a number of redundancies,” said Zolfo Cooper’s Peter Saville.

“However, we will continue to trade the remaining business while exploring all possible options for its future, including a sale of the business.

“We welcome expressions of interest from third parties. We would also like to thank the staff for their continued support and professionalism during this process.”

Prohibition staff were not able to speak to reproters yesterday, although a comment on the bar’s Twitter feed thanked regulars for their support, one comment concluding “it’ll take a lot more to close our fabulous doors”.

The popular city centre 
venue is renowned for it’s American-style design, offering corporate and privtae hire as 
well as membership, regular dining events and an affordable menu.

The administrators were appointed on November 13 and, as well as taking the decision to close two of the company’s seven sites, a further eight central PBR Leisure employees have also been made redundant.

Mark Golstone from the Leeds and Yorkshire Chamber of Commerce said his sympathy was with staff who he recognised woukd face a worrying time just before Christmas.

“However, there are some signs that consumer confidence is returning and, as we’re entering perhaps one of the most lucrative times of year for the leisure industry, they have a chance to show they could be a real proposition,” he said.

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