Showing posts with label luminar. Show all posts
Showing posts with label luminar. Show all posts

Friday, September 25, 2015

News: Demolition plan for Rotherham nightclub

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The party definitely looks set to be over at a prominent Rotherham nightclub after plans were submitted to enable its demolition.

The Liquid & Envy nightclub on the edge of Rotherham town centre closed in 2012 following a decline in trade. The previous operators, Luminar Leisure, went into administration in October 2011 after talks broke down with its banks on the restructuring of the group's debt arrangement. A subsequent £45m deal to save the operation included the purchase of the Main Street venue but it closed in the December of 2012.

The 22,000 sq ft, 2,000 capacity nightclub was put up for sale by Luminar before its administration. The 1.965 acre site also includes 150 car-park spaces and was advertised as an investment and a development opportunity.

Now the demolition division of Rotherham recycling experts, Ron Hull, has submitted a planning application for prior notification of proposed demolition. Demolition of a building is generally not classed as "development" and planning permission is not usually needed. However, the demolition of some large buildings does need approval from the local planning authority beforehand.

The plans, drawn up with Davenport Consultancy, state that planning permission will be sought for use of the cleared site as a temporary car park. This interim use is expected to ensure that the site is cleared and safe and "allows the owners to seek redevelopment opportunities for the site."

The plans add: "The [unnamed] owner acquired the site in order to redevelop it. The current building not only hinders that development but is also dangerous in so far that vandalism has resulted in a number of fires within the building representing a danger not only to the perpetrators but to the wider public."

In the short term the site is set to be levelled and turned into a temporary car park.

The council's development plan for the area indicates that a number of uses are acceptable in principle. This includes: retail; restaurants and cafés; offices and light industry; hotels; non-residential institutions such as health centres, schools, art galleries and places of worship; and "assembly and leisure" which covers cinemas, concert venues and skating rinks.

Similarly, in the emerging Local Plan, the large area of land at New York, which includes Riverside House, New York Stadium, the former Guest & Chrimes foundry and the nightclub site, is being put forward for a mix of uses with the area "considered to be suitable for B1 office and hotel uses given its gateway location and proximity to Rotherham town centre and public transport interchanges. It is also considered suitable for assembly and leisure uses given its location, existing uses and proximity to Rotherham town centre."

The plans add: "In parallel with the demolition the owner intends to seek planning permission to use the site as a temporary car park, whilst seeking longer term redevelopment opportunities in line with uses detailed above or others that may also be included in a mixed use area and are compatible with the public interest."

Ron Hull Group website

Images: Gerald Eve

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Monday, December 17, 2012

News: Liquid nightclub closes

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The Liquid & Envy nightclub on the edge of Rotherham town centre has closed following a decline in trade.

The previous operators, Luminar Leisure, went into administration in October 2011 after talks broke down with its banks on the restructuring of the group's debt arrangement. A subsequent £45m deal to save the operation included the purchase of the Main Street venue.

The 22,000 sq ft, 2,000 capacity nightclub in Rotherham was put up for sale by Luminar before its administration. The 1.965 acre site also includes 150 car-park spaces and was advertised as an investment and a development opportunity.

The club remained trading throughout but now a message was posted on the club's Facebook page last week reading: "It's with great sadness that we announce that Liquid & Envy Rotherham will close with immediate effect.

"We would like to take this opportunity to say a huge thank you to our fantastic staff and our amazing customers; we've shared some truly unforgettable nights with you over the years x"

Trading figures in the sale documents show that sales decreased from over £2m in the year ending March 2009 to £622,509 in the year ending March 2012.

Chartered surveyors and property management consultants, Gerald Eve was instructed to sell the freehold of the site by the new owners of Luminar following the administration of the original company last year.

A spokesperson from Gerald Eve confirmed this week that they are currently in discussions with a number of interested parties at present.

Gerald Eve website

Images: Gerald Eve

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Friday, December 16, 2011

News: Luminar deal includes Rotherham nightclub

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A £45m deal to save nightclub operator Luminar, includes the purchase of the Liquid and Envy club in Rotherham town centre.

The company had a branded estate of over 70 nightclubs and bars and the largest square footage of nightclub capacity in the country. In their last annaul accounts they posted a statutory loss from continuing operations after exceptional items of £184.6m.

They entered administration in October after talks broke down with its banks (Lloyds TSB, Barclays and the Royal Bank of Scotland) on the restructuring of the group's debt arrangement.

Peter Marks, Alex Geffert and Joe Heanen, all with experience in the leisure industry, completed the deal earlier this month.

A spokesperson from joint administrator, Ernst and Young confirmed that the Rotherham club was part of the deal.

In September, the 22,000 sq ft, 2,000 capacity nightclub on Main Street was put up for sale by Luminar as an investment and a development opportunity. The club has remained trading throughout but it is not yet clear whether the new owners intend to keep the club open or continue with the sale.

In a statement, Peter Marks, said: "I am delighted that we have been able to complete the acquisition of Luminar.

"There was always a solid core business within Luminar but, in common with many in the sector, the perfect storm of high debt, an under-performing tail and a lack of investment meant that the company could not survive the downturn when it came.

"The bulk of the estate is performing well, as are other privately owned club and bar businesses.

"Luminar has a lot of good people and I am certain that with hard work, the right financial structure and an investment programme the company can look forward to a great future."

Alex Geffert, added: "Now we are on firm financial footing we have plans to refresh many of the clubs over the next two years. We believe the lights are firmly back on for the company, saving thousands of jobs into the bargain."

Images: liquidclubs.com

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Thursday, October 27, 2011

News: Liquid operator sinks towards administration

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Luminar Leisure, the operator of the Liquid & Envy nightclub in Rotherham town centre, is preparing to go into administration.

Luminar has a branded estate of over 70 nightclubs and bars and the largest square footage of nightclub capacity in the country. They posted a loss before tax for continuing operations before exceptional items for the year ended 26 February 2011 of £1.1m compared to a profit of £5.5m in 2010. Statutory loss from continuing operations after exceptional items was £184.6m.

They had been in discussion with its banks (Lloyds TSB, Barclays and the Royal Bank of Scotland) on the restructuring of the group's debt arrangement.

They had been operating with a waiver of certain covenants in their three year banking facility but now the banks have informed Luminar that it will not grant an extension to the waiver. This has meant that the company is unable to meet certain of its repayment obligations and the directors have no option but to "take steps to place the company and certain of its subsidiaries into administration and to request the UKLA to suspend trading in Luminar's shares with immediate effect."

As well as negotiations with their banks, Luminar had also initiated a marketing process in respect of a potential sale of the group's underlying business and assets and had received indicative bids in response. Four properties were also sold in recent months which generated a net cash inflow of £3.7m.

The group's share price had sunk to below 1p following declining trade, largely as a result of the smoking ban, changes to licensing laws that boosted competition, and their target markets tightening their belts in the economic downturn.

Last month, the 22,000 sq ft, 2,000 capacity, Liquid & Envy nightclub in Rotherham town centre was put up for sale. The 1.965 acre site on Main Street also includes 150 car-park spaces and is being advertised as an investment and a development opportunity.

It is not yet clear how the operators' administration would affect the sale but it is believed that the venue will remain open and operate as a going concern.

Richard Taylor, general manager at Liquid in Rotherham, said: "We will be open for normal trade from tomorrow night and will be trading Friday, Saturday, Sunday and Monday as normal.

"Our company will deal with the problems it is having but from the club, we carry on as normal."

Luminar website

Images: liquidclubs.com

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