Coots & Boots, a leading insolvency and restructuring specialist, has been appointed as joint liquidators for Big Country, the entertainment business behind Soho’s legendary Windmill Theatre.
The appointment follows Big Country’s entry into compulsory liquidation after facing an extended period of operational, legal, and property-related challenges that proved unsustainable for the business.
The Windmill Theatre became a cultural institution during the Second World War, famously adopting the motto “We Never Closed” and continuing to operate throughout the Blitz. Its enduring spirit made it a symbol of resilience for Londoners, but sadly, its remarkable legacy has now come to an end.
Originally placed under the supervision of the Official Receiver, the case was subsequently transferred to Coots & Boots after most creditors voted in favour of their appointment, acknowledging the firm’s extensive experience in managing high-profile, complex insolvencies across the entertainment and hospitality industries.
Joint liquidator Duncan Coutts comments:
“The Windmill’s liquidation follows a prolonged period of operational and legal challenges that left the Company unable to trade. Our priority is to ensure that creditors are treated fairly and that the process is conducted transparently. While this chapter has closed, the Windmill’s legacy as a cultural landmark remains a defining part of Soho’s story.”
A Landmark with a Storied Past
The Windmill Theatre’s history stretches back to 1931, when it was transformed from a former cinema into a live performance venue. Quickly gaining notoriety for its tableaux vivants—motionless nude performances, The Windmill navigated around strict censorship laws, making it a cultural sensation.
Over the decades, The Windmill adapted to changing tastes and social climates, shifting from revue theatre to adult cinema, then into table-dancing clubs and private cabarets. Ownership and operators included such notable figures as Paul Raymond, ensuring its reputation as Soho’s most glamorous and risqué nightlife destination endured.
Following a £10 million refurbishment in 2021, Big Country sought to revive The Windmill’s theatrical heritage with a contemporary cabaret and burlesque programme, blending immersive dining experiences with performance art that echoed its storied past.
However, by late 2022 the venue became embroiled in a three-year dispute over its control, compounded by regulatory delays and a severe basement leak that rendered parts of the building unusable.
Matters escalated with legal action from a subleasing arrangement involving Soho Estates, and Spearmint Rhino, who secured a sublease through its UK subsidiary RKW Ltd, following legal action against the company leading to the repossession of the company’s sole trading premises in November 2024. With no viable path to recovery, Big Country entered Creditors’ Voluntary Liquidation (CVA) in April 2025, followed by a compulsory liquidation order in May 2025.
Coots & Boots – Steering the Process Forward
Coots & Boots is now leading the liquidation process, overseeing asset realisation, creditor engagement, and statutory compliance. The firm’s role is not only to manage the winding-up in accordance with UK insolvency law, but also to ensure transparency in a case that has attracted considerable media and public interest due to the venue’s cultural significance. With a proven record in navigating financially and legally intricate cases, the appointment of Coots & Boots reflects the confidence creditors have in the firm’s ability to deliver a fair and efficient resolution.
About Coots & Boots
Coots & Boots is a leading UK-based practice, specialising in insolvency, advisory and restructuring, with extensive experience in corporate liquidations, administrations, and turnarounds. Known for its rigorous approach and clear communication, the firm works across a diverse range of sectors, from hospitality and entertainment to manufacturing and professional services.
