Paul Dumbell and Howard Smith from KPMG’s Restructuring practice were appointed joint administrators to Funny Girls Limited
Paul Dumbell and Howard Smith from KPMG’s Restructuring practice were appointed joint administrators to Funny Girls Limited, the Blackpool-based burlesque cabaret showbar operator, on 4th September 2018.
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.
Commenting on the administration, 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.”
Interested parties should contact Andy Stone (0161 246 4865) or Ryan Manuel (0161 246 4151).
For further information please contact:
Katy Broomhead, Senior PR Manager
Tel: 0161 246 4623 / 07824 537963
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff. The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and territories and has 200,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
© 2018 KPMG IFRG Limited is a UK company, limited by guarantee. All rights reserved. KPMG IFRG Limited, registered in England No 5253019. Registered office: 15 Canada Square, London, E14 5GL, UK.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.