A Brighton night club has been saved from closure after its owner faced administration.
The owner of Pryzm said that it would stay open, with 85 jobs secured after a company restructure.
The future of the seafront venue was uncertain after its operator, Rekom UK, said that it planned to appoint administrators last month.
Steinbeck and Shaw, also in West Street, was another of the 11 sites to have been reprieved by the operator.
Rekom managing director Russell Quelch said: “We are thrilled that Pryzm and Steinbeck and Shaw will be part of our business moving forward and we look forward to the venues continuing to play a key role in Brighton’s late-night economy.
“The restructure puts the national business on a stronger footing and allows the UK team to focus on key growth opportunities.
“Pryzm and Steinbeck and Shaw will form part of this strategy as we look to develop our businesses in key locations and expand our cluster offering.
Pryzm is one of around 35 clubs and 12 late-night bars across the country th,at were at risk of closure.
The administration process involved the sale of 11 of the late-night venues to another entity within the Rekom Group but 17 sites were closed across the country.
Peter Marks, chairman of Rekom UK, said: “This outcome follows an extremely difficult period for the late-night sector, thanks to the combination of the ‘cost of living crisis’ hitting younger generations and students particularly hard, as well as the rising national living wage alongside increased business rates and costs of operating.”
