A Milton Keynes company that runs bars and nightclubs in Luton and Bedford has called in the administrators.
Atmosphere Bars and Clubs, based in Seebeck Place, Knowlhill, Milton Keynes, runs the Chicago’s bar in Luton and Modello’s in Bedford, which will continue trading while the adminstrators seek to save the business.
The business has 75 full-time and 418 part-time employees.
Daniel Butters and Adrian Berry of Deloitte, the business advisory firm, have been appointed today joint administrators to Atmosphere Bars and Clubs. The company’s estate includes 19 Chicago’s Bars, three Modello bars and two nightclubs.
Daniel Butters, joint administrator and partner at Deloitte, said: “Unfortunately, as a consequence of cash flow problems, the decision was taken by the directors of Atmosphere Bars and Clubs to place the company into administration. We are continuing to trade the business and all venues remain open whilst seeking a sale as a going concern.”