Rock and roll venue enters administration
JB’s Promotions, based in Dudley, has entered administration according to corporate insolvency and business rescue practice John D Travers & Co. The venue is the UK’s longest-established rock & roll spot, and may soon face closure unless a buyer can be found.
John Travers said that he is actively seeking buyers for the business and the freehold premises from which it trades. He was appointed administrator on 2 September, and is now supervising the trading of the business.
Travers said: “The directors of JB’s Promotions have been supporting the business with their own money for several years now. They have had to pledge the company’s premises at Castle Hill in Dudley to the bank, but still the business was trading at a loss.
“They believed that their longevity and the iconic status of their venue would see them through the hard times but, finally, they have had to appoint an administrator to help try and save the business.”
The venue has promoted live music longer than any other venue in the region, and has hosted names such as Robert Plant, U2, Dire Straits and The Sex Pistols.
