Business as usual at Shaka Zulu as original equity company enters liquidation

The equity holding company involved in launching Shaka Zulu, the events venue, has gone into voluntary liquidation.

Shaka Zulu under new management
Shaka Zulu under new management

Shaka Zulu Trading Company appointed insolvency practitioner Hodgsons on 27 June.

Shaka Zulu’s PR agency Captive Minds said the winding-up of equity holding business Shaka Zulu Trading Company was because five original small investors in the London venue had now been paid back.

Captive Minds special projects director Alex Rayner said: "In June 2011 after a hugely successful first trading year, one of the many companies that Shaka Zulu used to hold equity was closed down through voluntary liquidation. This was the cheapest and easiest manner to close the company after the equity was no longer needed thanks to a successful return."

The London venue is now trading under investors from Junerun after Shaka Zulu Trading Company has been wound down.

"We have gone through a restructuring with a new operator, Junerun, after Shaka Zulu Trading went into liquidation," said Shaka Zulu sales and marketing specialist Simon Yandell.

Hodgsons insolvency administrator Matthew Bannon added: "The [Shaka Zulu] Trading Company ran the club on a day-to-day basis and the new operator Junerun Ltd has come in to take over the running. The Shaka Zulu club is well known so they wanted the transition to go smoothly."

Shaka Zulu, a £5.5m venue, opened in August last year with a party featuring celebrities including Amy  Winehouse, Sophie Anderton and Liz McClarnon.

 

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