Nightclub and bar giant sold in pre-pack for £19.5m, new documents reveal
Some 464 jobs were lost when 17 venues in the stricken Rekom UK chain were closed last month, according to document seen by TheBusinessDesk.com.
Rekom UK was sold company was sold in a pre-pack for around £19.5m - a figure which included some £19m of debt to secured creditor Axiom.
Figures show that Rekom UK owed around £40m to trade creditors when the administrators were called in.
The venues now closed included Unit One in Exeter and Pryzm in Plymouth. Rekom UK’s remaining portfolio includes 23 venues, including ten ba... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
