'Strip club Climax goes into liquidation owing £55,000 in tax
- Credit: GOOGLE MAPS
Climax - which marketed itself as "Colchester's raunchiest strip club" - has gone into liquidation after failing to pay a £55,000 tax bill.
Top Drawer Entertainment, which ran Climax — a strip club and late night bar in Colchester's St Botolph's street — appointed liquidators from Re10 Restructuring and Advisory towards the end of 2020.
The firm had run up debts of £68,650 with just £4,850 in assets to pay creditors.
A spokesman for the liquidators said the directors had chosen to put the company into liquidation after being unable to pay a tax bill of £55,000.
"There was a VAT assessment held by HMRC, regarding the investigation for the outstanding VAT that was not paid," he said.
"The company went into liquidation because it was not in a position to pay the debt."
The spokesman, said the company was unable to pay because of the pandemic and "VAT issues", but said they were not aware of any job losses as a result of the liquidation.
- 1 Richest people in East Anglia revealed on Sunday Times Rich List
- 2 'You have broken us!' - New cafe at Suffolk beauty spot on huge demand
- 3 'We are both in love' - Ed Sheeran announces birth of second daughter
- 4 Indiana Jones-inspired metal detectorist finds £65k Roman hoard
- 5 Colchester gets city status - fuelling disappointment over no Ipswich bid
- 6 Severe delays on major Suffolk route after crash
- 7 Thetford homes left with 'significant' damage following blaze
- 8 Big sales, Bosmans and 'mutual consent' - Why contracts are a balancing act
- 9 My Suffolk Life: ‘We had to move to Suffolk to be together’
- 10 School apologises for GCSE paper error as it falls to inadequate
Among the firm's other creditors were Barclays bank, which was owed £15,000, and two accountancy firms.