Expressions of interest made for operator of bars and clubs

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A deadline for expressions of interest in rescuing a Milton Keynes company from adminstration passes this evening (Friday).

Administrators Deloitte say there have already been “a number” of expressions of interest for Atmosphere Bars and Clubs, based in Seebeck Place, Knowlhill.

Three of the company’s 24 outlets have already been closed as the administrators seek to sell the business as a going concern.

Another 11 bars are set to close by May 31, but a spokesman for Deloitte said they could close and then re-open depending on any new owner’s plans.

The spokesman would not confirm which 11 outlets have been selected to close, saying: “Our priority is to tell the employees first.” At the start of the administration process, the business had 75 full-time and 418 part time employees.

The company runs the Chicago’s bar in Luton and Modello’s in Bedford.

Daniel Butters and Adrian Berry of Deloitte, the business advisory firm, are joint administrators to Atmosphere Bars and Clubs.

Mr Butters said, when the company went into administration on May 14 that “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.”

The spokesman added that the administrators would “like a conclusion as quickly as possible” not least for the company’s remaining employees.