The team behind London's Conduit Club say they are "committed" to reopening in a new location following the site's closure.
The Mayfair club has shut its doors and entered administration, two years after its launch.
Chris Newell, managing director at business advisory firm Quantuma told The Caterer: "I can confirm that myself and Simon Bonney have been appointed as joint administrators to the Conduit Club."
The Conduit was founded by human rights lawyer Paul van Zyl and financier Nicholas Hamilton in 2018 as an ethical club designed to link up people aiming to promote social change.
Its seven-floor site included a restaurant which worked with chefs Merlin Labron-Johnson and Leonardo Pereira, and hosted guest dinners from the likes of Massimo Bottura.
But the business entered administration after talks to purchase debt owed to its bank MetroBank broke down, according to The Sunday Times.
A statement on the Conduit's social media pages said: "It is with a heavy heart that we are announcing that the Conduit at 40 Conduit Street has closed. We are completely committed to finding a new home and we'll let you know as soon as we find one.
"We are so proud of what our community has achieved in our two years of operations and the biggest depth of gratitude goes out to our incredible members and our unbelievable team. This is not goodbye: watch this space."
The Conduit is understood to have had more than 3,500 members.