Owners of many of the bars in Newcastle, PBR (Premium Bars and Restaurants) formally known as Ultimate Leisure have gone into administration. This is after a £48Million deal to buy the company fell apart.

3 establishments have been closed with immediate effect, which are Rewind in Newcastle, Advocate in Belfast and Sea nightclub in Glasgow.

They have debts of over £40Million, purchasing “The Living Room” chain in 2007 for £32Million with bank lending.

This means that many of Newcastle bars and clubs could be facing last orders, including Chase, Blu Bambu, Jimmyz, Sea Nightclub and The Living Room.

Personally i hope that The Living Room and Chase get bought out, and maybe Sea. The others can remain closed until someone rents the buildings and changes them into a better, profit making places. I have been saying for a long time here, here, and  here, that Blu Bambu needs a change, maybe this is a good thing to happen for the drinkers in the town. Give us a great nightclub again!!!