Jam House group hit as clubbers stay at home

NIGHTCLUB operator Luminar Group Holdings – owner of Birmingham’s Jam House – has seen revenues and footfall decline further as revellers stay at home.

The company said today trading for the half-year to 26th August has, as anticipated, remained challenging, with visitors down.

Same outlet sales across 76 clubs for the period were down 20.2%.

Within this, admission revenue fell by 26.5% on footfall down by 19.1%.

Admission spend per head of £3.19 was below prior year (H1 2009: £3.52) and drinks spend per head was slightly ahead at £8.39 (H1 2009: £8.30).

Gross margin for the period is in line with prior year.

During the period, the Group has disposed of 4 properties which generated a cash inflow of £3.7m.

Luminar (click here for latest share price data) had a net operating cash inflow during the period and allied with the property sales outlined above, continues to trade within the terms of its banking facilities.

Luminar will announce its interim results to 26th August 2010 on 21st October 2010.