Famous Liverpool theatre, The Epstein, has gone in to Administration. They have insisted that the show must go on over the Christmas period.
The historic theatre opened in 1913 as Cranes Music Hall. The theatre has appointed FRP Advisory as Administrators after it had fallen behind with rent.
FRP are going to continue to trade as a theatre as normal whilst retaining 30 members of staff as a restructuring takes place.
Lila Thomas, partner at FRP, said: “The Epstein Theatre doors remain open for the entirety of the Christmas season and beyond.
“Talks are at an advanced stage with key stakeholders for a financial restructure ensuring operations continue as normal for all current bookings, planned future shows and to place the theatre within a more sustainable structure to allow for another generation of successful performances across the spectrum of entertainment.”
The Peter Pan Christmas pantomime, due to open on December 8, will go ahead with an unchanged performance schedule.
Ms Thomas added: “All theatre staff are being retained and paid as normal while a solution is finalised, and all existing contracts are being maintained for bookings, to ensure the show will go on for both theatre-goers and performers over the coming weeks while a transition to a new holding structure is agreed.”