The parent company that owns London's Fabric nightclub, one of the U.K. capital's most popular dance clubs, has been placed into administration.

London-based PriceWaterhouseCoopers (PwC) has been appointed administrators of club operators Fabric 591 Limited, which earlier in the year closed Fabric's sister London club Matter, located in the O2 arena complex.

According to a statement posted on the club's Web site, "Mr David Chubb and Mr Colin Haig [from PwC] have been appointed as joint administrators of Fabric 591 Limited to manage its affairs, business and property as its agents."

Property consultants Edward Symmons, the London-based agency charged with selling the club, is currently in the process of looking for buyers.

In a statement posted on the company's Web site, Colin White, a partner in the hospitality and leisure division at Edward Symmons, states that within 24 hours of being appointed the company had "received a number of enquiries from potential purchasers."

"We anticipate continued interest in this sale, particularly from other major club operators in London and the South East, and we are confident that a purchase will be secured for the business as a going concern," White continued.

Despite the financial uncertainty surrounding the company, a spokesperson for Fabric tells Billboard.biz that the club is not, however, closing and that "it is business as normal."

"We've got the [club] listings confirmed for the next two months... we're now looking at August bookings," the spokesperson went on to say, casually remarking, "everything's fine."

The Fabric Web site currently contains club listings up until July 31.