Paul Dumbell, advisory director, and Howard Smith, associate partner, from KPMG’s restructuring practice have been appointed joint administrators to Funny Girls Ltd, the Blackpool-based burlesque cabaret showbar operator, which has collapsed putting around 100 jobs at risk
The company traded from four locations on Blackpool’s North Shore, operating several bars including Flamingos, The Whippet Inn and The Flying Handbag, and an acclaimed burlesque cabaret show performed at the Funny Girls Theatre.
Following the appointment of the joint administrators, a licence was granted to Daniel Thwaites plc, allowing the business to trade across all venues while the joint administrators explore interest in a sale of the business and assets. Funny Girls Limited employed approximately 100 staff, all of whom transferred to the licensee following the granting of the licence.
Paul Dumbell, director at KPMG and joint administrator, said: ‘In recent times, this popular chain had suffered from significant creditor pressure. We are therefore delighted to have reached the agreement with Daniel Thwaites, which protects jobs, while affording us the opportunity to seek a buyer for the business and its assets.’
Report by Pat Sweet
