ATIK Nightclub in Windsor is to close with immediate effect

The company which operates bars, pubs, and nightclubs, has faced challenges due to the rising cost of living. 

This has resulted in increasing cash flow pressure and a decline in trading performance.

Following a review of all of their businesses, they regrettably are now closing 17 of their venues with immediate effect. 

Restructuring Partner for Grant Thornton UK LLP Jon Roden said: "It is with regret that despite an extensive marketing and sale process prior to the administration and the best efforts of the directors and advisors, no interested parties have been identified for a number of sites."

"Accordingly, the administrators have to close 17 sites because the commercial prospects of the affected businesses render them unviable to continue to operate resulting in approximately 471 redundancies."