Hereford’s Left Bank Village restaurant was yesterday (Tuesday), in the hands of receivers.
Owner Peter Mycock of Croft plc confirmed to the Journal that this was the time the business had gone to the wall – this time because “the credit crunch has made it not viable”.
“It’s in a fantastic spot, but it’s too big for Hereford and needs to be broken down into smaller units,” he said.
“We will market the premises for sale or lease in smaller leisure units.”
About 70 full and part-time staff were on the payroll in December, with the day-to-day operation in the hands of Mercury Management of Tamworth.
The Left Bank was sold by original developers Dr Albert and Mrs Monique Heijn of Eign Enterprises in November 2007, with a price tag of almost £4 million.
