On 17 January 2024 Rekom UK fell into administration, blaming higher energy prices and lower student spending due to the cost of living crisis.
The continued growth in the discotheque division and the creation of the popular Chicago Rock Cafe concept meant Luminar became a successful leisure company of the early 1990s.
[5] Luminar Group Ltd was incorporated on 5 December 2011 and headed up by former managing director Peter Marks, retaining the brands and most of the venues the previous company operated.
[13] The company cited higher energy prices; lower spending due to the cost of living crisis; and closure during the Covid-19 pandemic as reasons for entering administration.
[2][14] The remaining 24 trading locations continue to be operated by NEOS Hospitality, which is controlled by Rekom co-founder Adam Falbert and company directors Vilhelm Hahn-Petersen and Russell Quelch.
[13] In September 2024, NEOS Hospitality announced a £25 million investment to launch nightclubs brands, Bonnie Rogue’s Pub and Barbara’s Bier Haus.
[17] In June 2019, the company, and its former general manager Wayne Mason were ordered to pay £110,000 in fines and court costs, for creating a fire risk hazard at its Kuda nightclub in York.