PwC is appointed as Fabric nightclub’s administrator

Steve Dinneen
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PRICEWATERHOUSECOOPERS was yesterday appointed as administrator for London superclub Fabric.

The dance-music venue will remain open while administrators seek a new buyer, but is no longer accepting credit cards.

David Chubb and Colin Haig of PricewaterhouseCoopers will handle the account. They worked together on the administration of bridging loan firm Link Lending last month.

Chubb also worked on the administration of property firm London Town, the owner of the GRS Inns pub chain.

Meanwhile, property consultant firm Edward Symmons has been instructed to find a buyer for the iconic Farringdon-based club, which also hosts nights at the O2 arena.

Colin White, a partner at Edward Symmons, said: “Just 24 hours after being appointed, we have already received enquiries from potential purchasers. We anticipate continued interest in the sale of Fabric, particularly from other major club operators in London, and we are confident that a purchase will be secured for the business as a going concern.”

Fabric has a 24 hour license and a capacity of more than 1,500.