The Arches Glasgow enters administration

Mon, 15 Jun 2015 | ADMINISTRATION

Troubled art venue The Arches in Glasgow has entered administration following the loss of its late night licence.

The Arches board said that sadly there was “no other choice” for the company after revenue fell by over 50 per cent following the removal of the licence.

Glasgow's Licensing Board voted to remove the licence as a result of police complaints about drug abuse and disorder. However, the decision was not well received in the city and a petition has already been signed by some 40,000 people calling for the licence to be reinstated.

A further group of creative voices, including members of Franz Ferdinand and Belle & Sebastian, as well as author Irvine Welsh, has signed an open letter to the Scottish government urging them to ensure that the Arches remains an arts venue.

The Arches issued a statement in the wake of the administration, reported by the BBC: “Following a meeting of The Arches board of directors, and having taken due legal advice, the decision was taken today to start the process of appointing administrators for both Arches Theatre and Arches Retail Company Limited.”

It added that without the income generated from the venue's “very successful and popular programme of club nights” the company's “business model is untenable”.

View similar venues and nightclubs in administration.

Share this article

Latest Businesses for Sale

Day Spa
Manchester, UK Wide

A very reputable, award winning, day spa offering a selection of rejuvenating treatments is available in the bustling city of Manchester. Offers invited.

Asking Price: £315,000
Turnover: £600,000


Automotive Repair Business
Gloucestershire, UK Wide

This is a longstanding automotive repair business in Gloucestershire, now available for an interested buyer to purchase. Offers invited.

Asking Price: £925,000
Turnover: £414,249


CNC Precision Engineering Firm
Isle Of Wight, UK Wide

A remarkable opportunity has emerged to acquire an established precision engineering business which has cemented solid foundations since it began trading in 1998. Offers invited.

Asking Price: £1,200,000
Turnover: £907,946


View more businesses for sale

News Search

Latest News


Cambridge artificial intelligence / machine learning company bought by customer | BUSINESS SALE

Early stage advanced data analysis company Rinocloud has bee...


Accountancy firm to expand in Scotland | BUSINESS SALE

A UK-based accountancy firm with offices peppered across the...


Recruitment firm acquires counterpart | BUSINESS SALE

Swindon-headquartered recruitment company Outsource UK has s...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources