Quantcast

Love Island’s Ellie Brown flaunts her incredible curves in floral lingerie during Dubai getaway

Love Island's Ellie Brown flaunts her incredible curves in floral lingerie as she poses up a storm during Dubai getaway By Niomi Harris For Mailonline...
More

    Greg Norman, 65, sends fans wild as they notice a VERY naughty detail in his shirtless beach photo

    Golf legend Greg Norman, 65, sends fans wild as they notice a VERY naughty detail in his shirtless beach photo - so did you...

    Wildlife officials discover mysterious 12-foot-tall metal monolith in the middle of a Utah desert 

    Wildlife officials discover mysterious 12-foot-tall metal monolith standing in the middle of a Utah desert State workers in a helicopter noticed the shiny marker while...

    Lewis Hamilton loses three-year-legal battle to ban luxury watchmaker’s ‘Hamilton’ brand

    Lewis Hamilton loses three-year-legal battle to ban luxury watchmaker's 'Hamilton' brand name that firm has been using since 1892 The Formula One world champion took...

    Nightclub group Deltic asks for monthly £1m bailout

    Britain’s biggest nightclub group asking Government for £1m-a-month bailout as it heads for a sale to private equity vultures

    Britain’s biggest nightclub group is asking the Government for a £1million-a-month bailout as it heads for a sale to private equity vultures. 

    Deltic Group – which runs 52 ‘superclubs’ around the UK including PRYZM and ATIK, all closed due to Covid-19 restrictions – will tomorrow start assessing bids from an initial 20 private equity firms and ten industry rivals after being put up for sale in October. 

    Chief executive Peter Marks said he needs a ‘firm offer’ either to buy the company outright or invest alongside existing shareholders by the end of the month as he will run out of cash in mid-December. 

    Surrender: Deltic Group runs 52 ‘superclubs’ around the UK including PRYZM and ATIK, all closed due to Covid-19 restrictions

    If no deal is reached, Deltic will be put into administration or a CVA insolvency process by consultancy firm BDO which is leading the sale. 

    Marks – who is a shareholder alongside other management and four property investors – said the firm was worth £80million pre-Covid but investors’ bids are now likely to be far lower to reflect it burning through £700,000 a month to cover fixed costs while its clubs are shut. It has also accrued an outstanding rent bill of £8million. 

    Marks and rivals, including Fabric founder Cameron Leslie and Ministry of Sound chairman Lohan Presencer, have asked Business Minister Paul Scully for support. 

    Marks said his plea for a grant of around £1million per month is a third of the £3million Deltic contributed to the Treasury in taxes while it was trading successfully. 

    He said: ‘How can the Government tell a good business to close for 237 days and counting and not support them? It is a joke.’ 

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest Posts

    I’m A Celebrity UK 2020: Ruthie Henshall breaks down in tears as she battles with first ‘low’ day

    I'm A Celebrity 2020: 'I pride myself on being a tough cookie... but I'm really not': Ruthie Henshall breaks down in tears as she...

    I’m A Celebrity UK: Shane Richie earns a FULL HOUSE with 12 stars in the Cruel Jewels trial

    I'm A Celebrity 2020: 'My insides are going!' Shane Richie overcomes his nerves to earn a FULL HOUSE with 12 stars in the Cruel...

    England set to resist temptation to open batting with Ben Stokes in South Africa

    England set to resist temptation to open batting with Ben Stokes after his stunning unbeaten IPL century last month as they seek to go...