The reason Chesterfield’s Abacus bar shut

Chesterfield's Abacus bar.
Chesterfield's Abacus bar.
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The Abacus bar in Chesterfield shut after the company which operated it was closed under insolvency legislation.

Plymouth-based Enjoy Pubs Ltd ran the large popular premises on St Mary’s Gate.

Companies House documents show a High Court judge ordered that the firm be wound up under the provisions of the Insolvency Act after a creditor petitioned for such action to happen.

West Yorkshire-based O’Haras Ltd was then appointed liquidators of the firm.

Liquidation is a legal process in which a company is brought to an end. At the end of the process, the company is dissolved and ceases to exist.

The Abacus opened in February, 2011.

Projected net sales for 2015 were £570,741. Turnover was £710,724 during 2014.

It is not known how many people have lost their jobs following its closure.

The three-storey building has been put up for sale by agents Christie + Co with a 13-year leasehold costing £40,000 and yearly rent of £76,000.

The Christie + Co website states: “A prominent corner building, Abacus is centrally positioned in the town adjoining the Vicar Lane Shopping Centre and is close to a number of other bars and restaurants.”

The building was previously home to the Barracuda bar.