Spearmint Rhino figures far from beautiful as UK sales decrease

Bottom line: Spearmint Rhino has recorded a turnover decrease

Pavel Wolberg/EPA

Joanna Hodgson7 October 2016

Strip club chain Spearmint Rhino is not in the best shape, new accounts have suggested.

The UK arm of the gentlemen's club group, whose British flagship is in Tottenham Court Road, fell into the red in 2015 with a loss of £160,772. That was down from a profit of £10,000 the previous year.

Sales also dipped to £6.3 million from £6.7 million.

Staff numbers decreased by 22 to 87 at the company whose director John Specht is famed for suggesting that struggling students should strip their way through college.

Spearmint Rhino did not reply to requests for comments. But it's strategic report said: "The group is exposed to a variety of commercial risks."

It added that these could include wider effects of the general economy and external competition. However it said the results were "considered satisfactory".

Earlier this week gentlemen's club chain Stringfellows also posted profit and revenue decreases.

Founder Peter Stringfellow blamed tough trading on pre EU referendum jitters, the impact of terror attacks and major construction works in London.