30 Apr 2009

Nightclub operator in receivership

6:20 pm on 30 April 2009

A company which owns several popular Christchurch nightclubs is in receivership.

CEA Trading employs more than 300 people in 20 bars around the country, including The Holy Grail Sports Bar, Boogie Nights, and The Grumpy Mole Saloon in Christchurch.

McGrathNicol has been appointed receivers and managers. In the meantime, it will be business as usual.

Co-receiver Andrew Grenfell says they aim to work with the businesses owned by the company to assess each venue's financial position and potential. He says they aim to retain as many jobs as they can.