LIVERPOOL’S EPSTEIN Theatre (cap. 410) has gone into voluntary administration but will continue to operate as normal for the time being, according to the venue’s general manager.
After falling behind with its rent payments, Epstein Theatre entered administration last month, with FRP Advisory appointed as administrator.
FRP say that the theatre will remain open and its 30 staff retained as it carries out “financial restructuring”. The lease on the theatre building is owned by Hanover Estate Management, while Liverpool City Council own the building’s freehold.
“It is business as usual,” says the venue’s general manager Rebekah Pichilingi, who along with husband David took over management of the theatre in 2012.
“We already have an incredible line-up of shows booked in until 2019 and we are continuing as normal to take bookings. We would like to reassure all our customers and promoters that all shows will continue as planned.”
Joint administrator and partner at FRP Lila Thomas says talks with key stakeholders about the venue’s theatre are at an advanced stage.
“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,” Thomas adds.
According to its latest accounts – for the 12 months ending June 2016 – published in June 2017, the venue, which underwent a £1 million refurbishment in 2011, had debts of £93,682. Forthcoming shows feature Ruby Turner, Judie Tzuke and Jimmy Osmund.