Preston Guild Hall and Charter Theatre’s operating company has gone into administration, just days after the venue closed when takeover talks stalled.
Preston Guild Hall Ltd has appointed administrators to “maximise the return to the company’s secured and unsecured creditors”, owner Simon Rigby said.
Nearly £100,000 of non-payment claims have mounted against the Guild Hall in recent months, mostly from visiting producers who say they never received the box office revenue they were due. These include a claim of £70,000 from producer Bill Kenwright.
The theatre shut its doors on May 30 after Rigby claimed discussions with a prospective new management company, VMA Live, had stalled.
According to a statement issued on June 5, the affairs, business and property of Preston Guild Hall Ltd are now being managed by administrators.
Rigby said: “The administration strategy will be to agree terms with a chosen operator who will take over the running of Preston Guild Hall.”
He added that the theatre would ensure ticket holders received a full refund “if the show is not available via the new operator”.
Lisa Matthew, operations director of the Guild Group – Rigby’s larger business organisation – said: “We are currently exploring all options for reopening while we prepare the ground for a new operator.”