BGN Entrepreneur

The struggling nightclub operator—Luminar, is believed to have drafted in advisers from PwC to help it restructure its debt as the company looks to avoid breaching banking covenants when they are tested in August.
The company, which has endured torrid trading as rising youth unemployment kept more of its core customer market of 18-to-24-year-olds at home, has seen its shares fall by 93% over the past year following three profit warnings.
The stock fell another 6% to a fresh low of 8.75p, extending losses for investors who bought into the company’s discounted equity issue at 95p a share in July last year.

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