Nottingham club PRYZM closes with ‘immediate effect’ after company goes bust

The company, which owns more than three dozen nightclubs and 12 late-night, said it has been an “extremely difficult” year due to the cost of living crisis and an increase in energy prices.

This comes after the Nottingham location was seen being stripped earlier this week fuelling rumours surrounding its closure.

In the post to its Instagram, Nottingham PRYZM shared a statement from owners Rekom announcing its closures saying how “staff affected” have been briefed and  would be “supported” following redundancies.

It also said that administrators have now been appointed to all the seven companies that operate the bars and clubs owned by Rekom.

Peter Marks, Chairman of Rekom UK commented on the closures saying: “We have made every effort to redeploy staff across the business where possible and we’re pleased to have saved around 1000 jobs. Regrettably, however, the reduced estate meant it was inevitable that we would have to make some redundancies.

“We have informed all colleagues within the organisation of the unfortunate developments that have taken place over the last 18 days.

PRYZM opened in Nottingham in 2016 following an £800,000 investment and was renamed from Oceana. It is currently Nottingham’s biggest night club with a capacity of 2,500, beating in size other venues popular with students such as Rock City and Ocean.

Featured image via Google Maps.