The company that bought Fibbers in York with plans to redevelop the site has called in the liquidators.
Toft Green Developments Ltd bought Fibbers at 3 Toft Green in June 2018 for £2m from Aaron Mellor, chief executive of club and bar group Tokyo Industries.
Exciting plans were then drawn up to demolish Fibbers, the iconic music venue, and replace it with offices – and a new 500-seat music venue.
That scheme, which was put together in partnership with York property company North Star, won planning permission from City of York Council in December 2022.
But last November North Star revealed that the scheme had stalled due to lack of funds.
Now Toft Green Developments has called in the liquidators. Accounts show it has debts of £3.68m.
Among the creditors are York architects Vincent & Brown Ltd which drew up the Fibbers redevelopment plans, which is owed more than £62,000.
Toft Green Developments, which was based at Ogleforth House in York, has two directors, John Neal and Damion Todd.
The biggest of its creditors is Neal Investments Ltd, another firm of which Mr Neal is a director, which is also in administration.
Neal Investments Ltd and North Star (York) Investment Ltd were the two biggest shareholders in Toft Green Developments.
Alan Coleman and Marco Piacquadio, of FTS Recovery Limited in Milton Keynes, were appointed liquidators for Toft Green Developments on 19 January.
Plans to transform the Fibbers site fell through after a sudden rise in interest rates “made it untenable and uninvestable”, one of those involved said last year.
Fibbers closed in January 2020. There will now be fears that the site, already an eyesore, will become more dilapidated.