Jade Thirlwall’s Newcastle bar loses nearly £220,000 in its first year in business
EXCLUSIVE: Jade Thirlwall’s Newcastle bar loses nearly £220,000 in its first year in business after pandemic-forced temporary closure
- Singer Arbeia’s bar owes creditors £466,000, according to accounts which have just been published
- The company had assets of over £250,000 but these were offset by money owed to creditors meaning
- Separate government records also show he claimed up to £70,000 in furlough money between December 2020 and July last year
- The bar was opened as Red Door in October 2019
Little Mix star Jade Thirlwall’s nightclub company lost almost £220,000 in its difficult first year in business.
The singer, 28, has a bar called Arbeia in her native South Shields which owes creditors £466,000, according to accounts which have just been released.
Chain Reaction Entertainment Limited had assets of over £250,000 but these were offset by money owed to creditors which meant they were in the red.
Loss: Little Mix star Jade Thirlwall’s nightclub lost nearly £220,000 in its troubled first year in business (pictured in 2021)
Separate government records also show Chain Reaction Entertainment claimed up to £70,000 in furlough money between December 2020 and July last year to pay staff.
The company did not claim furlough money in June 2021.
The bar opened as Red Door in October 2019, with Jade and her bandmates Little Mix celebrating the end of three Newcastle shows on their LM5 tour with a party where guests included Newcastle player Andy Carroll , ex-Geordie Shore star Sophie Kasaei and X-Factor winner Joe McElderry.
Troubled first year: The singer, 28, has a bar called Arbeia in her native South Shields which owes creditors £466,000 from accounts that have just been released
In February 2020, just before the start of the lockdown, she changed the name of the bar to Arbeia and also took over a nearby building, planning to open the Industry nightclub.
Jade was known to have played with local bands there, much to the delight of fans.
The business is owned by another Jade-owned company called Upside Down Entertainment, which owns the bar and club mortgage-free, according to land registry documents.
MailOnline has contacted representatives for Jade for comment.
In October 2020, the bar announced it was temporarily closing after being hit with “difficult times” during the COVID-19 pandemic.
As South Shields was placed in the second ‘high’ tier of lockdown, the bar posted a statement on Facebook explaining that it was ‘no longer possible’ to remain open with the introduction of new restrictions.
In a statement, Arbeia said: “It is with heavy hearts that we announce today that Arbeia will be closed until further notice.”
Sad: In October 2020, the bar announced it was temporarily closing after being hit by ‘difficult times’ during the COVID-19 pandemic
“We have done our best to get through these difficult times, but unfortunately it is no longer possible for us to keep our doors open.
“It’s not a goodbye forever, we’ll be back (with a bang) as we do best, but at this time we are unable to confirm when that will be.
“We want to take this opportunity to thank all of our customers, our staff, the people who share, like and comment on our posts – your support has been amazing. We’ll see you soon, until then, stay safe and support local.
Little Mix band members Jade, Perrie Edwards, 28, and Leigh-Anne Pinnock, 30, will go their separate ways after their Confetti Tour ends in May 2022.
The band said they wanted to take a break to work on other projects, but said they were not breaking up and planned to make more music and tour in the future.
Moving on: Little Mix band members Jade, Perrie Edwards, 28, and Leigh-Anne Pinnock, 30, will go their separate ways after their Confetti tour ended in May 2022 (pictured last May)