Liverpool’s Epstein Theatre goes into administration
Management at Liverpool’s Epstein Theatre claims its future is secure despite news that the venue has gone into administration.
The theatre is owned by Liverpool City Council, and operated by Epstein Theatre Ltd. It is understood that the venue has been struggling financially for some years.
Lila Thomas and Jason Baker, partners at business advisory firm FRP Advisory, have been appointed as joint administrators to Epstein Theatre Ltd.
In a statement, the administrators said they were in talks with the theatre’s management and stakeholders about structuring a financially safer future for the company.
Thomas said: “The Epstein Theatre doors remain open for the entire 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 with a more sustainable structure to allow for another generation of successful performances across the spectrum of entertainment.”
Thomas confirmed that all existing staff contracts will be maintained for bookings while a transition to a new “holding structure” for the company is agreed.
Rebekah Pichilingi, general manager at Epstein Theatre Ltd, confirmed it was “business as usual” at the Epstein. Pichilingi was appointed to run the venue in 2012, with her husband, on an 18-year contract.
She said: “This latest step by Liverpool City Council has given myself and my team the peace of mind that the future of the Epstein is secure.
“We already have an incredible line-up of shows booked in until 2019 and we are continuing as normal to take bookings, including returning favourites and some exciting new productions. We look forward to many years of doing what we’ve always done best, providing top-class entertainment in a warm and welcoming environment.”
The grade II-listed Liverpool Epstein Theatre was built in 1913 and underwent a £1.2 million refurbishment in 2011/12.
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