Nightclub firm Luminar in administration

edscdk said:
d the suppliers have to write their debts off.

Did all the night clubs make a huge loss? how did they manage to get in so much debt?
Click to expand...


I had a bar job I did after graduating Uni a good number of years back and that was for a place which was owned by Luminar.

I would imagine that no, not all the places they own are in debt. The problem is they got big quickly by buying up all the competition in big club and bar chains. Not all of these places were providing a profit, many were struggling, which is why they are then subsidising these that are failing with profits from the ones which are doing alright.

They got rid of Jumpin Jaks and Chicago Rock Cafe a few years back as they obviously already saw then that they were loosing money there, trying to support the ones which made little money. Obviously wasn't enough then and they've still not solved the problems with their other brands.

Yes they own a lot of chavvy places, but at the end of the day, a lot of people may be about to loose their jobs and a large number of clubs will about to be empty with the prospect that they will probably stay empty in current market conditions.
 
Ascendancy said:
What sort of prices do these places charge? The local clubs I go to only charge £3-£5 on the door and drinks are £1.50 a pint usually.
Click to expand...

£5 quid on the door
Alchopops £4.50
Shots £2.75
Beer £3.50
Spirits £4 -5
I think the problem was the deals they had are for the wrong days, they would have thursdays and fridays as the best deals then wack up the prices on a saturday, not everyone wants to go out on a friday and you would end up spending £50 just a have a good night, i could get a chinese and dvd for that with change left over for a bottle of wine. gone are the days of cheap nights out. What ever corporation if any will buy them out really need to re-look into prices and whether what they are offering is making profit.

they used to offer free entry to people who got there before 10.30 and have cheap drinks before 11, this was scrapped. 193 Million Pound of losses is not a small amount by any margin, i feel sorry for the 3,000 people who will be unemployed which raises the unemployment rate.
 
That would be a result getting rid of Oceana in Kingston :), straight up hate the place as not only do you get belittled and interrogated by the bouncers but you have to take a 2nd mortgage out to pay for any drinks.

Once in there it tends to be full of idiots and you're lucky to make it out without being threatened by someone.

Just my 2p anyways :p
 
Yup, sod going in a club in a average town paying £3+ for a drink

£2.60-£3 for a pint in pubs around here, going out now is a expensive past time

One thing I have never understood is, in town most of the clubs are actually old clubs, my parents use to go in a few and they actually had a membership and you could get in for pittance being a member, now they just class them as a "club" but charge a fortune for random people to go in and see a DJ play some MP3s
 
Last edited:
I'm sure one of the other big name venue owners did this a few years ago, trade was terrible, they ran up the bills, then dumped it all and did a management buyout or something similar.

Pretty much all their sites were rented so they had no solid assets to lose.
 
Its hard to understand how they couldn't pull a profit.

Basically Oceana in Kingston was a massive pub, open late (which plenty of pubs are) .. that always seemed pretty full, charged loads for entry, and charged a mental amount for each drink.

There must have been some serious mis-management to not be able to pull a profit when there's queue's 3 people deep desperately drying to give them £22 for a round of 4 drinks that probably cost the club about £2.20..

Fortunately for me a few years ago I hit what I'd call the 'day of enlightenment' with regards to clubbing. This is when you are standing in a club, normally aged about 30, when you suddenly have the incredible epiphany 'Actually, when you think about it, this is all complete cr** b*ll**ks and it's cost me £85, I'd seriously have a better time down the dog and duck with 3 mates for a tenth the price'. Then you never go clubbing again.


If you clubbers haven't had this 'day of reckoning' yet -- don't worry, you will do :)
 
Will be glad to see Lava Ignite (Or as I know it "Lager and a Fight") Close down, place was a hole....

Not so good are the prospects of lots of people losing there job's, hopefully somebody will snap the company up and do a bit of a revamp!
 
britboy4321 said:
Its hard to understand how they couldn't pull a profit.

Basically Oceana in Kingston was a massive pub, open late (which plenty of pubs are) .. that always seemed pretty full, charged loads for entry, and charged a mental amount for each drink.

There must have been some serious mis-management to not be able to pull a profit when there's queue's 3 people deep desperately drying to give them £22 for a round of 4 drinks that probably cost the club about £2.20..

Fortunately for me a few years ago I hit what I'd call the 'day of enlightenment' with regards to clubbing. This is when you are standing in a club, normally aged about 30, when you suddenly have the incredible epiphany 'Actually, when you think about it, this is all complete cr** b*ll**ks and it's cost me £85, I'd seriously have a better time down the dog and duck with 3 mates for a tenth the price'. Then you never go clubbing again.


If you clubbers haven't had this 'day of reckoning' yet -- don't worry, you will do :)
Click to expand...

I sincerely doubt I'll be clubbing at 25 let alone 30. :/
 
Heh, they closed down Liquid and Envy in Redhill (Surrey) some months back, which in turn completely killed off the nightlife economy in two of it's biggest pubs.
 
The number of kids (yes kids) in their first year at uni who have conversations that only consist of:

'you going out tonight'
'not really feeling it but i'll go anyway'

I've never got my head around it..........
 
You must log in or register to reply here.
Back
Top Bottom