The trust that runs Square Chapel Arts Centre in Halifax has gone into administration due to a “funding shortfall” in the current financial year.
After the decision was made for the Square Chapel Trust to go into administration, the venue then closed to the public for the foreseeable future due to the Covid-19 pandemic.
Square Chapel Arts Centre, which completed a £6.6 million renovation in 2017, has two performance spaces with capacities of 210 and 108-seats. The venue hosts theatre, comedy, dance and live art events.
Patrick Lannagan and Conrad Pearson of Mazars LLP have been appointed joint administrators of the Square Chapel Trust, which is a registered charity, and its subsidiary Square Trading Ltd.
Lannagan said: “The trust has suffered a funding shortfall in the current financial year, which has caused significant cash flow difficulties, leaving the trust and its subsidiary with no option but to enter administration.
“Subsequent to the decision to enter administration the facilities closed to the public from March 17 for the foreseeable future in response to the government’s latest advice on Covid-19.”
Lannagan added: “The trust has a long and proud history of bringing national and international arts to the local area as well as working with local artists, diverse communities, schools, those with learning difficulties and disabilities, and generally supporting those who are most disadvantaged, both within the facilities and out in the community.
“Our priority is to try to establish whether there are any parties interested in taking forward the trust’s important ongoing programmes in the community and/or taking over and utilising its facilities.”
The administrators said they will be writing to all creditors over the coming days, and are encouraging anyone with an interest in taking over the firm to get in contact.