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Plymouth Pryzm nightclub could close as Deltic Group on brink of collapse
Deltic Group, which owns Oceana, Pryzm, Atik, Eden and Bar & Beyond, has filed a notice of intention to appoint administrators after it was forced to close its venues in March due to the Covid-19 coronavirus pandemic
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UK nightclub operator Deltic Group on brink of bankruptcy Sarah Butler © Provided by The Guardian Photograph: Oli Scarff/AFP/Getty Images
The UK’s largest nightclub operator, Deltic Group, is on the brink of administration as it battles to secure a rescue deal.
The group, which employs just under 1,500 people and runs 52 bars and nightclubs, including the ATIK, PRYZM, eden and Bar&Beyond chains, has been seeking new investment since October after months of enforced closures under government measures to control the coronavirus pandemic.
But Deltic has now filed a notice of intention to appoint administrators, a legal measure which provides protection from creditors for ten working days.