The firm said the last year had been a challenging time for the industry.
It blamed higher energy prices and students cutting back because of the cost of living for its problems.
It blamed higher energy prices and students cutting back because of the cost of living for its problems.
It said that tough conditions had particularly affected some of its “larger nightclubs”.
A notice of intention to appoint administrators “for a number of companies within the group” had been filed on Monday, it said.
In a statement, Peter Marks, chairman of the firm, said the notice gives the business “breathing space and protection” to work with lenders, landlords and other stakeholders on a potential restructuring plan.
As well as cost-of-living pressures on its customers, the firm said that it had seen surges in its costs and expected more difficulty down the road following a rise in the minimum wage during the government’s latest autumn statement.
It blamed higher energy prices and students cutting back because of the cost of living for its problems.
The firm said the last year had been a challenging time for the industry.
It said that tough conditions had particularly affected some of its “larger nightclubs”.
It blamed higher energy prices and students cutting back because of the cost of living for its problems.
It blamed higher energy prices and students cutting back because of the cost of living for its problems.
It said that tough conditions had particularly affected some of its “larger nightclubs”.
A notice of intention to appoint administrators “for a number of companies within the group” had been filed on Monday, it said.
In a statement, Peter Marks, chairman of the firm, said the notice gives the business “breathing space and protection” to work with lenders, landlords and other stakeholders on a potential restructuring plan.
As well as cost-of-living pressures on its customers, the firm said that it had seen surges in its costs and expected more difficulty down the road following a rise in the minimum wage during the government’s latest autumn statement.
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