The owner of one of The Printworks' biggest venues is on the brink of going bust.
Deltic Group, the operator behind Eden, has filed a notice of intention to appoint administrators.
The 2,000-capacity club opened last August, replacing Tiger Tiger. It incorporates three nightclubs, a number of bars and dining areas and six karaoke booths.
Deltic operates 52 bars and nightclubs across the country, including the Oceana and PRYZM chains, and employs 1,500 people.
It has already cut 1,000 roles since the pandemic forced it to shutter all its premises in March.
Nightclubs have not been allowed to reopen since then, but the company has transformed a number into bars since July to allow them to continue trading.
But this is only bringing in £80,000 a month compared with the £1m the company is burning through, The Mirror reports - leaving it facing running out of cash by December.
Founder and chief executive Peter Marks has previously hit out at the government's treatment of the nightclub sector, saying a lack of support has 'slowly choked us to death'.
Last month, he warned landlords that the company faced collapse unless a sale was agreed imminently.
Deltic hired consultancy firm BDO Global in October, announcing it was up for sale.
The business confirmed this week it had filed a notice of intention to appoint administrators, a legal measure that provides protection from creditors for 10 working days.
It is understood the company hopes to secure a pre-pack administration rescue deal in the coming days.
Scandinavian hospitality giant Rekom, which runs more than 100 nightclubs and bars in Norway, Demark, and Finland, is reportedly the frontrunner to save Deltic.
Private equity firm Greybull Capital, which has previously backed high-profile failures such as British Steel, are also said to be in discussions over a deal.
