More than 30 interested parties have registered an interest in buying troubled bar operator Revolution.
The company announced in April that it was weighing up a potential sale alongside a restructuring plan which could see up to a quarter of its UK venues close.
In a market update this morning, the firm confirmed that of the 42 companies which originally showed interest in a purchase, 32 have now entered into non-disclosure agreements.
Chief executive Rob Pitcher said: "The Board welcomes the interest of all parties in the group and its businesses and is open to exploring all options that may deliver a superior outcome to the restructuring plan."
Nightcap is one of the companies which has expressed an interest in buying part or all of Revolution, which has a bar on Aberdeen's Belmont Street, plus a Revolucion de Cuba nearby in The Academy.
The company has received commitments from investors to raise a £12.5million lifeline as it prepares to launch an insolvency mechanism called a restructuring plan. Under this process, it would close a significant number of venues, perhaps up to 20, resulting in hundreds of job losses.
The company is grappling with rising costs and a downturn in trading. Its stock, which is currently suspended, has slumped by nearly 75% over the last 12 months, and it now has a market valuation of little more than £6million.
If the restructuring plan fails to gain sufficient approval from creditors, the only viable alternative for the company would be a sale that would ascribe little value to its equity, or administration.
FTSE 100
The UK's flagship share index, the FTSE 100, was up 79-points at 8,292 shortly after opening this morning.
Brent crude oil futures were up 0.16%, trading at $83.46 a barrel.
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