DCSIMG

Jobs lost as snooker firm is sunk

Rileys pool hall, Leeming Street, Mansfield.

Rileys pool hall, Leeming Street, Mansfield.

A SNOOKER club is Mansfield town centre has been confirmed as closed with the loss of seven jobs.

Riley’s, on the corner of Leeming Street, is part of a nationwide chain of snooker and pool hall that was recently put into administration.

From 103 premises, 78 were sold to private investors but the remaining 25 sites were closed, including Mansfield’s.

Rumours of its demise had been circulating the town after the doors of the old ABC Cinema building were left locked without explanation.

A spokesman for administrators KPMG said: “The combination of difficult trading conditions and a significant number of loss-making sites meant that the company was unable to continue trading on a solvent basis.

“However, the business has a large and loyal membership base, which made it an attractive acquisition opportunity.

“We are pleased that we have been able to rescue the large majority of the business with today’s sale to a private investor.

“Unfortunately a buyer could not be found for the remaining sites, which has resulted in a number of redundancies on our appointment.”

It is the second time the Milton Keynes-based business has gone into administration in recent years.

In 2009, 198 staff lost their jobs when the company called in administrators.

 

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