Pryzm Bristol: Update on future of major city nightclub as owner suddenly closes UK sites

Rekom UK blames cost of living crisis and has shut clubs around the UK
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The owner of one of Bristol’s biggest nightclubs has issued an update after it suddenly closed other clubs around the UK.

Rekom UK has called in administrators after struggling with a rise in costs and it has already confirmed the closure of Pryzm sites in Leeds, Nottingham and Portsmouth.

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The company has said the last 12 months had been “extremely difficult” for the late-night sector with rising costs impacting its younger customers and making it more challenging to trade.

Rekom UK has filed a notion of intention to appoint administrators to several companies in the UK business.

But the owner has reassured people that it’s business as usual at the Bristol site.

REKOM’s Managing Director, Russell Quelch, told BristolWorld: “Following a review of its business, late night operator, REKOM UK, has confirmed that PRYZM and Steinbeck & Shaw Bristol will stay open, with the safeguarding of 56 jobs. 

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“The venues on Canon’s Road attract thousands of people into the city every month, forming a key part of the local economy and supporting other businesses, such as taxi firms, take-aways and bars. 

“We are thrilled that Pryzm and Steinbeck & Shaw will be part of our business moving forward and we look forward to the venues continuing to play a key role in Bristol’s late night economy. 

“The restructure puts the national business on a stronger footing and allows the UK team to focus on key growth opportunities. PRYZM and Steinbeck & Shaw will form part of this strategy as we look to develop our businesses in key locations and expand our cluster offering.”

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