Nightclub firm Luminar in administration

dave1983

dave1983

dave1983

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Hey peeps don't think there is a thread for this

http://www.bbc.co.uk/news/uk-england-15468868

A nightclub company which owns 75 venues, including one where a student died in a crush, has gone into administration.

Luminar Group Holdings PLC, which claims to be the UK's largest club owner, said it was unable to meet some of its bank repayment obligations.

Shares in the group, which employs 3,000 staff, have been suspended.

Nabila Nanfuka, 22, from London, died in hospital after the crush at Lava Ignite in Northampton on 19 October.

Luminar's payments to Lloyds, Barclays and Royal Bank of Scotland are due on 27 October.

The company recorded losses of £198m in the year to the end of February as sales dropped by 19% to £137m.


Tbh i'm not surprised with this, prices of drinks are so expensive that the general public would rather drink at home with friends than spend stupid amounts on drinks.
 
i quite like oceana kingston from time to time, they will just split the brands up, oceana will get snapped up im sure, same for liquid.
 
Raikiri said:
Clubs they own include:

Oceana Brighton

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This.

They own the Oceana in Bristol. I go there maybe once a year, even then it's forced.

On one hand, I'm glad it may clsoe, but on the other hand, it's nice knowing where to avoid because we know full well the stuck up *****es and juiced up roid heads wearing skin tight tees looking for fights will be.

As already said, someone will snap up the Oceana brand, it's not a bad place to go in every city, I just hate the crowd there in Bristol. The Cardiff one in my experience is OK.
 
DiCe! said:
i quite like oceana kingston from time to time, they will just split the brands up, oceana will get snapped up im sure, same for liquid.
Click to expand...

Oceana in Kingston isn't the worst I've been to, but it's certainly not nice. I've been punched in the head whilst walking past the queue before.

The company also owns The Hippodrome in Kingston which used to be The Works. The name and management changed shortly after the stabbings. While the venues offer different themes/nights, they are still competing with themselves which must be awkward.

I hope whoever takes over the venues in Kingston, doesn't let the standards drop even lower.
 
it does makes sense why prices are so high, to try and make a profit back, but it has backfired as people just wont pay the prices they are looking for.

we pay £5 quid on the door.
a vodka and redbull is about £6-£8
a alchopop is about £4

normally i get a shot and a drink it works about £6, so if i took £20 out i would be skint by midnight, they should have kept the BOGOF deals buy one drink and get one free to get punters in, but they scrapped that due to government complaining about binge drinking, then they upped the prices of bears and spirits which pushes the punters away.
 
DiCe! said:
by one get one half price would work, or just lower the prices by £1 would make a huge difference imo.
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yeah that would work, i remember being 18 and taking a tenner out and still having change. it was £1.50 a drink and you get one free. that was when reef and metz were available.
 
when I was 18 £1.50 a vodka redbull with real redbull and smirnoff, now I pay £4 for some knock off of both, I dont expect a night out to be cheap, but i dont expect to get shafted.

Local RSVP used to be heaving, now its dead except on fridays and saturdays, and even then people go to spoons before hand. It really cant be that hard to run a nightclub in a big city and make a profit.
 
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