Tuesday 16 July 2024
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Nottingham

Pryzm Nottingham closes for good after group restructures UK operations

Rekom Group announced the closure of 17 UK night-time economy sites with the loss of 470 jobs.

The company called in administrators for its UK arm in January.

Peter Marks, chairman of Rekom UK said in a statement:

“Following a review of our business, we were unable to reach an agreement with our landlord and have been forced to hand back the lease of Przym Nottingham.”

“Sadly, this means the club has closed and our team has been made redundant.
“While we understand the impact this will have on the local late-night economy, it’s important to recognise that this decision follows an extremely difficult period for the sector.”

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“We would like to take this opportunity to thank all our guests and teams who have made Przym Nottingham such an iconic venue for a great night out over the years.”

“This outcome follows an extremely difficult period for the late-night sector, thanks to the combination of the cost-of-living crisis hitting younger generations and students particularly hard, as well as the rising National Living Wage alongside increased business rates and costs of operating”

“Whilst we still recognise there are continued challenges facing the late-night sector, we can now look to the future with optimism.

“We are confident that this restructure gives Rekom UK a strong core estate that will continue to have a relevant and engaging business proposition in line with consumers’ changing social habits and behaviours.”

The full list of closures:

Unit 7 – Basildon Unit 7

Pryzm – Birmingham

Jumpin Jaks – Coventry

Atik – Dartford

Unit 1 – Exeter

Bar & Beyond – Kings Lynn

Pryzm – Leeds

Pryzm – Nottingham

Liquid & Envy – Oldham

Pryzm – Plymouth

Pryzm – Portsmouth

Atik – Romford

Level 17 – Swansea

Pryzm – Watford

Steinbeck & Shaw – Watford

Atik – Windsor

Atik – Wrexham

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