Warehouse Theatre Company Limited (01269641): administration
- Status
- Administration ended
- Administration began
- 2012-05-15
- Administrators
- Jeremy Charles Frost, Stephen Patrick Jens Wadsted
- Administrators' firm
- Frost Business Recovery
- Formerly
- Croydon Alternatives Theatre Company Limited
- Incorporated
- 1976-07-20
- Location
- Croydon
- Industry
- 90010 Performing arts
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
From the administrators' statement
The following information has been provided by the directors:
The theatre ran quite happily for 30 years (ups and downs, but nothing major) until Croydon Council unrepentantly withdrew grant support (£124,000) in 2008 - and in the middle of the season, which meant major spending had already been committed There was suddenly a deficit of £70/80,000
While the council's intention was clearly that the theatre should close, the board decided to carry on by reducing the staff to three and cutting the minimal costs even further. An mspection of the Companies House accounts will show that the company made operating surpluses m the following years which helped to reduce but not eradicate the debt
Administrators' statement of proposals (2012-07-09) · Companies House register