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Sing Thing Interactive Business Plan Karaoke Box · Landlord Assurance
Strictly Private & Confidential
Business Continuity Plan

Continuity of Karaoke Box, under a stronger, better-capitalised operator

Sing Thing Limited is acquiring and will operate the Karaoke Box business through an administration sale, transfer and restructure, with full continuity of brand, operations and premises across the go-forward estate: Frith Street and Maddox Street (London) and Birmingham. The Karaoke Box brand and 30-year trading identity continue unchanged, only the operating entity changes.

3
Profitable retained venues
+3–5 yrs
Additional lease term offered
£40,000–£100,000
Committed working capital
No rise
No rent increase requested
Same brand: Karaoke Box Leases intact No rent increase No additional deposit Named, accountable director New capital on completion

Why Sing Thing Limited is a lower-risk tenant

Better-capitalised position

£40,000–£100,000 committed working capital, subject to completion, with proof of funds and management accounts provided to landlords and their advisers as part of the transfer process.

Accountable named director

Donald Clark, Director of Sing Thing Limited, is personally responsible for lease obligations and day-to-day operations across the retained estate.

Long-standing shareholder support

Steven J. Pang, an approximately 15-year shareholder and experienced technology and operator investor, provides committed capital backing for the transition and beyond.

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Longer term, same rent

An additional 3–5 years of lease term offered as goodwill, with the current passing rent accepted in full. This is a continuity proposal, not a renegotiation.

The Numbers, in Plain Terms

A loss with one clear cause, and that cause is being removed

The business had historically been loss-making at group level, but the cause was specific and identifiable. One venue, Smithfield, drove the group loss. It is exiting, and the retained estate trades profitably without it.

Group result, with and without Smithfield

Toggle to see the effect of removing the single loss-making venue from the group result. Figures reflect the most recent 30-week trading period to May 2026 and are narrative indicators; verified detail is held by the administrator and the Director.

Smithfield venue:
Group EBITDA position
Loss-making
Smithfield drags the whole group into loss
Smithfield site result
−£97k
Site-level operating loss over 30 weeks
Retained estate
Profitable
Frith St, Maddox St & Birmingham each profitable at site level
Included: with Smithfield in the group, the single venue’s ~£97,000 site-level loss is the driver of the group EBITDA loss. Switch it off to see the go-forward position.

The go-forward estate

The Smithfield lease is ending and will not be renewed, in a planned and orderly exit. It is not part of the go-forward estate. The three retained venues each traded profitably at site level over the most recent period and form a self-supporting operation post-restructure.

Venue
Status
Recent trading
Frith Street, London
● Retained
Profitable at site level (30 wks to May 2026)
Maddox Street, London
● Retained
Profitable at site level (30 wks to May 2026)
Birmingham
● Retained
Profitable at site level (30 wks to May 2026)
Smithfield
▲ Exiting
Lease ending, not renewed — excluded from go-forward estate
Following a change of management and CEO, trading across the retained venues has improved markedly, and management’s forward projection supports a viable, self-supporting operation post-restructure. The proposed transaction does not seek any change to rent or lease economics; it provides a better-capitalised operator to carry the existing leases forward.
The New Vision

Transforming the company and the service, without disrupting what works

Sing Thing Limited is acquiring Karaoke Box at a moment of genuine opportunity. An established brand and loyal customer base across three prime retained locations provide a strong foundation for a sharper operation, invested premises and a more capable technology stack.

Venue refurbishment

A phased, bounded programme across the retained estate, protecting and enhancing the landlord’s asset while keeping trading disruption minimal.

  • Refresh of in-room AV equipment, fixtures and décor
  • Entrance and reception improvements for arrival and booking
  • General condition improvements to premises quality
  • Works communicated in advance; no structural changes without consent

Digital & marketing

  • New customer-facing website with integrated online booking, replacing the existing system
  • Refreshed digital marketing targeting the Frith Street and Maddox Street (London) and Birmingham catchment areas

Investment is directed at the retained estate and the continuing Karaoke Box proposition.

The ambition is a transformation of both the company and the service it provides, delivered without disrupting the established customer experience that already works.
Technology, by Operational Status

Clear about what is live today, and what is future upside

Technology is presented honestly by operational status. The rent-cover position relies only on the established, trading business, not on future potential. Expand each tier for detail.

In-room media servers; generative karaoke song-making automation; venue booking system — all operational and transferring with the business on day one.
New customer website with integrated online booking platform; refreshed in-venue digital displays and user interface — planned post-transfer.
VR karaoke experiences; adjacent music technology services; technology-as-a-service (SaaS licensing to third-party operators) — explicitly future development, not current products or revenue.
Important note: technology upside, including technology-as-a-service, is future potential and is not relied upon for the current rent-cover position.

Investor backing

Steven J. Pang — long-standing (~15-year) shareholder and technology/operator investor; former SVP Product and CXO-team member at Skyscanner (acquired for US$1.7bn); founder of Youbibi (acquired by Skyscanner); earlier career at Morgan Stanley and Clifford Chance; Oxford law, Chicago MBA.

Committed working capital: £40,000–£100,000, subject to completion, evidenced by proof of funds provided as part of the transfer process.

The Ask & Mutual Benefit

A straightforward continuity ask, with real value in return

□ What we are asking of you

  • Do not oppose the administration sale and transfer to Sing Thing Limited
  • Reassign or regrant the lease — via assignment, licence to assign, or regrant/new lease, as landlord and administrator prefer
  • No new deposit — working capital is deployed into the business, not held as security
  • No change to current rent — this is continuity, not renegotiation

+ What we offer in return

  • An additional 3–5 years of lease term as goodwill, extending your security and income visibility beyond the current expiry
  • A refurbished, well-maintained premises, protecting and enhancing your asset
  • A better-capitalised operating position with a named, accountable director
  • Continuity — no vacancy, no trading interruption, no reletting risk

What supporting the transfer avoids for you

Vacancy risk and associated holding costs
Business interruption and reputational disruption across the retained sites
Marketing and re-letting costs for an unusual destination use
Loss of a 30-year established destination-use tenant
Fit-out reinstatement uncertainty at end of remaining term

Existing arrears, service charge, insurance, business rates, repairs and dilapidations will be addressed through the agreed administration and transfer process as documented by the administrator.

Timeline

Restructuring completionRestructuring completion is targeted for 9 July 2026.
Refurbishment windowStart date and duration to be agreed with landlords post-transfer
In plain terms: we are not asking for reduced or altered rent terms. We are offering additional term and fresh investment instead of tying up operating cash in a new deposit.
Direct Line

Speak to the accountable director

Enquiries from landlords and their solicitors or managing agents are welcome. Supporting documentation is shared promptly as part of the transfer process.

Donald Clark
Director of Sing Thing Limited and proposed operator / licensee
Phone
07470708712

Go-forward estate

Frith Street, London Maddox Street, London Birmingham

The Karaoke Box brand, customer proposition and established use of premises continue unchanged across the retained estate. Only the operating entity changes.

Performance Data

The numbers behind the narrative

These interactive charts are built directly from the management accounts and projections. Hover (or tap) any bar to see the exact figure. Every value is drawn from the source documents — nothing here relies on the internet, so the charts display identically on any static host.

Karaoke Box: Business Continuity Plan  |  Sing Thing Limited  |  Strictly Private & Confidential
Director: Donald Clark · donald@karaokebox.co.uk · 07470708712