Braemar, the Hale-based property fund manager, last night told the London Stock Exchange that Martin Robinson, executive chairman, had informed the company that the Muse Corporation, operator of Amora, the self-proclaimed 'academy of sex and relationships' in Piccadilly Circus, central London, in which Robinson was a non-executive director, was placed into administration on 20 May 2008 owing unsecured creditors £2.9m.
Robinson resigned as a director of the Muse Corporation Limited on 14 January 2008.
Amora traded as an unseedy, educational sex-themed visitor attraction in the basement of the Trocadero in Piccadilly Circus for ten months until it closed in April 2008.
The centre consisted of seven interactive zones, which included the flirting zone, where the physical reaction to flirting was demonstrated. It declined funding from the pornographic industry.
Braemar shares were untouched at 2p.