Deadline set for Big Beat enquiries

‘There’s been substantial interest,’ said Tracey Mills, director of leisure property company Davis Coffer Lyons, adding that they had more offers than they could count.

‘We’re just assimilating all the interests that we have had and conducting viewing.’

She said the deadline for receiving expressions of interest was 25 May, after which they would be dovetailing the interests with KPMG.

From that point onwards, Lyons will talk to KPMG to decide whether they are going to sell the club on its own or as part of a group.

KPMG initially said it was concentrating on trading the business as normally as possible, to maintain customer interest. Now their focus will be on marketing the business for sale.

‘There is a chance to sell the company as one unit or in groups of units,’ KPMG partner Blair Nimmo told Accountancy Age, ‘it looks more likely to be sold in groups of units.’

‘We are now looking at setting a closing date for the offer later this month and to reduce the offers to a manageable level.’

Nimmo added that KPMG hoped to finalise the sale by June or July.

He said the well-known Home nightclubs in London and Sydney have attracted particularly interest.


Big Beat not beaten yet

KPMG online


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