BOSSES of an online restaurant guide which reviews businesses across the Fylde coast admit they have been hit hard by the recession.
Management at Sugarvine.com have decided to liquidate A&C Holland Holdings Ltd, the company it was using to run its website.
The abrupt announcement led to 18 redundancies and staff being owed thousands of pounds, which is still yet to be paid until insolvency money becomes available.
Director Adam Holland, who started the company with brother Clive in 2002, said: “As a dining guide Sugarvine is far from immune to the ravages of the recession and unfortunately Kimberley Holland Holdings Limited, which owns Sugarvine, has recently had to close one of its subsidiary companies, resulting in job losses.
“The closure is due to adverse trading conditions in the hospitality sector.
“Restaurants and pubs have been hit very hard throughout the recession and we have heard time and again from our customers banks are simply not providing the support they need.
“Unfortunately, things went from bad to worse in the sector over the winter, our sales dropped off significantly and we were left with no other option than to close the business.
“The Sugarvine group websites, owned by the parent company, including dining guide sugarvine.com and catering industry resource sugarvinetrade.com, have not been affected by the closure.”
The website will continue to trade, but this is the second time in a year the Holland brothers have taken a branch of their company into administration.
In June 2011, Stevenson Minshall Ltd, the company which sugarvine.com had previously operated under, was taken into administration, but the website continued to operate.