Fabric is now officially out of administration.

The club announced last month that though business was continuing as usual, the venue was for sale, following the temporary closure of their sister venue matter in the O2 Arena.

As statement from the club read:

The Fabric family is delighted to announce that Fabric is no longer in administration.?Fabric has been bought by a consortium who fully back founders Keith Reilly and Cameron Leslie's vision; nothing within the scope of the Fabric ethos or team shall change.

'The consortium has formed a new company called Fabric Life Limited. After 10 and a half brilliant years, we look forward to many more.

The news comes as a welcome ray of light and is a testament to the wide appeal and longevity of a true London institution.