A POPULAR nightclub is to close its doors "with immediate effect".

Leeds PRYZM, located on Woodhouse Lane in the city centre, draws crowds from across West Yorkshire including many from Bradford.

Today, administrators from Grant Thornton UK LLP have been appointed to seven companies within the Rekom Group, which owns the nightclub.

The companies have faced "challenging trading conditions due to the cost-of-living crisis, resulting in increasing cash flow pressure and a decline in trading performance".

Leeds PRYZM is one of 17 sites to shut.

Peter Marks, Chairman of Rekom UK, said: "We have made every effort to redeploy staff across the business where possible and we're pleased to have saved around 1000 jobs.

"Regrettably, however, the reduced estate meant it was inevitable that we would have to make some redundancies.

"We have informed all colleagues within the organisation of the unfortunate developments that have taken place over the last 18 days."

Jon Roden, Restructuring Partner for Grant Thornton UK LLP, added: "Accordingly, the administrators have had to close 17 sites because the commercial prospects of the affected businesses render them unviable to continue to operate resulting in approximately 471 redundancies.

"The Grant Thornton team will work with the employees affected to support them through this process."