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Leeds nightclub shut due to administration

Date Added: 20/08/2013  

One of the most popular venues in Leeds will not be reopening for the start of the new academic year after it was confirmed its owner has gone through a pre-pack administration.

BED Club in Leeds opened in 2011 but closed its doors earlier than predicted this summer. It had been expected to reopen this September in preparation for the arrival of thousands of new university students into the Yorkshire city.

But it has been revealed that parent company Gatecrasher Clubs & Bars has found itself unable to pay its debts - which include £3 million to Barclays Bank and £500,000 to HM Revenue & Customs - leading it to go through a pre-pack administration, the Yorkshire Evening Post reports.

A spokeswoman for BED Club, which was accessible to members of the public from New Briggate, told the newspaper that the venue, which has five bars and a capacity of around 700 people, no longer fits in with the company's vision of clubbing.

"The venue is too small and despite the proposed development of the Grand Arcade, the parent company’s strategy moving forwards is for large capacity clubs in city centre locations," she said, adding that plans have been put in place for one-off, large scale indoor and outdoor events to be held by the firm in the area.

Chris Ure, chairman of arcade owner ATC Properties, explained that the BED Club venue is now likely to be turned into retail outlets, while there is also an opportunity to open up new cafes and bars at the unused site.

Earlier in the month, it was revealed that the company behind Cardiff bars including Fire Island, Ten Feet Tall and Buffalo has gone into administration as a result of mounting debts, which include owing government body Finance Wales close to £250,000 and Cardiff council £46,682.

The Celt Experience, Glamorgan Beers, Otley and Tiny Rebel are all creditors of Beatbox Bars, while HM Revenue and Customs is owed £328,706 by the firm, reported WalesOnline.

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Posted by Michael Beam

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