Luminar trading in line despite drop in clubbers

Britain's biggest nightclub operator Luminar has seen further falls in revellers at its venues but is trading in line with forecasts it said.

Trading in the half year to 26 August saw like-for-like sales during the period fell by 20.2 per cent.

Admission revenue fell by 26.5 per cent with the number of clubbers entering Luminar's premises falling by 19.1 per cent – even though average admission prices dropping to £3.19 a head from £3.52.

But revenues were boosted as average drinks spend per head rose to £8.39 from £8.30.

Gross margins were in line with the same period the previous year, Luminar said, adding that it generated £3.7m from the sale of four properties.

The company said in a statement: "Luminar had a net operating cash inflow during the period and allied with the property sales outlined above, continues to trade within the terms of its banking facilities."