Atmosphere in administration: 24 UK sites stay open
A club and bar chain with 24 sites across the UK employing about 500 people full-time and part-time has called in administrators.
Administrator Deloitte says Atmosphere Bars and Clubs' sites will stay open and continue trading while it tries to find a buyer for the businesses.
The company is based in Milton Keynes.
It has two Welsh venues: the Broadway Boulevard in Llandudno and Chicago's in Wrexham.
In a statement, joint administrator Daniel Butters said: "Unfortunately, as a consequence of cashflow problems, the decision was taken by the directors of Atmosphere Bars and Clubs to place the company into administration.
"We are continuing to trade the business and all venues remain open whilst seeking a sale as a going concern."
The company operates the Chicago brand of bars at 19 locations, with three Modello bars and two nightclubs, including the Llandudno venue.
In total, 75 full-time staff are employed by the chain, with 418 part-time staff.