The London Bridge venue has shut its doors, following a legal dispute with Network Rail.
Since opening in 2009, the two-room venue near London Bridge has played host to a number of club nights, including Jaded and We Fear Silence. The venue's owners cited an ongoing legal dispute with Network Rail as the reason for the closure, which leaves 70 staff without jobs.
A post on the club's Facebook page read: "It is with a huge amount of sadness that we announce Cable has closed with immediate effect. We have been forced to close following two years of ongoing legal battles with Network Rail, who took possession of the venue this morning with an entry order, putting us out of business and leaving our 70 staff without jobs. This is due to them allegedly requiring the space back for the redevelopment of London Bridge station. It is an utterly devastating blow to what is a much loved, hugely successful, well respected music venue and media business."
The venue's owners added: "We are obviously devastated and still in shock by the news and know there will be questions. As you can appreciate, there is much work to be done and many arrangements to be made behind the scenes. If you are presently a ticket holder for an event that was scheduled to take place at Cable, please do not worry–further information will follow in due course." The venue was due to host parties featuring the likes of Renegade Hardware, Function and DJ Hell in the coming weeks.