Overview
- The chain’s 17 remaining bars continue trading uninterrupted following the closure of four underperforming venues.
- Lonsdale Capital Partners–led investment will fund operational upgrades and underpin expansion plans.
- Subsidiaries filed 13 notices of intention to appoint administrators as a protective measure against possible insolvency risks.
- Turnover edged up to £28.6 million in the year to March 2024, marking modest growth despite inflationary strains on its core 20–30-year-old clientele.
- Leadership says it will pursue new sites in key UK cities outside London to drive its next phase of growth.