THE owner of one of York's biggest nightclubs is set to go into administration, placing a question mark over the venue's future.

Luminar Group, which owns The Gallery in Clifford Street, told the Stock Exchange today that its directors had no choice but to take steps to place the company and certain subsidiaries into administration, and to request that trading in its shares be suspended.

The firm said its banks would not be extending a waiver on certain covenants, and it was unable to issue its half-yearly financial report.

The Press has tried to contact the management of The Gallery but has not yet managed to do so.