Liverpool’s Epstein Theatre falls into administration

City Finance Reporter for the Daily Mail

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Liverpool’s famous Epstein Theatre has collapsed into administration – but the organisation using it has insisted the show will go on over Christmas.

The ancestral playhouse, which first non-stop its doors in 1913 as Cranes Music Hall, has allocated FRP Advisory as director after descending behind on its rent.

FRP will continue to run the entertainment as normal, maintaining all 30 staff, while restructuring takes place. 

Tragedy: Epstein theatre, which first non-stop its doors in 1913 as Cranes Music Hall, has allocated FRP Advisory as director after descending behind on its rent

Tragedy: Epstein theatre, which first non-stop its doors in 1913 as Cranes Music Hall, has allocated FRP Advisory as director after descending behind on its rent

Tragedy: Epstein theatre, which first non-stop its doors in 1913 as Cranes Music Hall, has allocated FRP Advisory as director after descending behind on its rent

Lila Thomas, partner at FRP, said: ‘The Epstein Theatre doors sojourn open for the entirety of the Christmas deteriorate and beyond.

‘Talks are at an modernized entertainment with pivotal stakeholders for a financial restructure ensuring operations continue as normal for all stream bookings, designed future shows, and to place the entertainment within a some-more tolerable structure.’

Liverpool legislature owns the freehold, but the tenure structure is difficult by the participation of a prolonged leaseholder, Hanover Estate Management.

In 2012 the legislature gave David and Rebekah Pichilingi a agreement for 18 years to run the listed building – which is named after the late Beatles manager Brian Epstein – but it is accepted to have lost income for several years.

FRP’s financial restructuring is directed at making the legislature the primary leaseholder.

The Peter Pan Christmas pantomime, which is due to open today, will go forward with an unvaried schedule.

Ms Thomas added: ‘All entertainment staff are being defended and paid as normal while a solution is finalised.’


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