banner ad

Features

The pop-up theatre

Actors left unpaid as theatre company goes bust blaming Brexit and er… low audience numbers at the Blenheim Palace venue this summer

Parent company Lunchbox Theatrical Productions also goes pop

Shakespeare and his fellow actors once dismantled a theatre and rebuilt it timber by timber on a new site in London after a dispute with their landlord. It was the original moonlight flit – and kept the theatre company trading from a new address.

The Bard may not have been so impressed by the collapse of a theatre company last month that used his name to market their productions. Administrators Auker Rhodes have been called in to Shakespeare’s Rose Theatre Limited in York when their two pop-up theatres collapsed in financial ruins due to trading difficulties.

The Oxford Mail reported locals thought the tickets were expensive

The parent company Lunchbox Theatrical Productions has also gone into administration due to Brexit uncertainties they said along with low audience figures with administrators appointed on October 18, 2019.

They ran two pop-up Shakespearean theatres in York and at Blenheim Palace, Oxfordshire, while Lunchbox also ran a number of ice-themed events such as Peter Pan on Ice.

Equity steps in to support actors

The Stage has reported that creditors include the actors and support staff at the pop-up theatres. They said: “Equity is now supporting 76 members and said it has helped to collate amounts that performers claim to be owed, currently totalling £15,000, and submitted them to liquidators. According to the union, there were around 90 performers, stage management and creative team roles across both sites.”

The BBC reported: “In 2018, the York pop-up attracted 78,000 visitors, but only 47,000 in 2019. About 38,000 visited the theatre at Blenheim Palace instead of the 75,000 the company expected.”

ICSM Credit’s Ian Carrotte said: “Hopefully the administrators will be able to reimburse the staff and actors of owed wages plus expenses and interest. For the company to blame the closure on Brexit is laughable. Clearly, they didn’t sell enough tickets.”

LunchBox’s chief executive James Cundall was awarded an MBE in 2018 for services to the entertainment industry.

Workers left out of pocket by firms that fail to pay redundancy money or back wages can claim a statutory amount from the Government. Visit https://www.gov.uk/claim-redundancy

For details about ICSM Credit call 0844 854 1850 or visit the website www.icsmcredit.com or email Ian at Ian.carrotte@icsmcredit.com on how to subscribe and to join the UK’s credit intelligence network to avoid bad debts and late payers. Follow ICSM Credit on FaceBook, Twitter and YouTube and Ian Carrotte on LinkedIn.

For more visit www.harrymottram.co.uk

Follow Harry on twitter as @harrythespiv also on FaceBook, LinkedIn, YouTube and on Instagram

——————————————————————————————————————

HARRY MOTTRAM FREELANCE FEATURES: Curse of the phoenix firms who rip off their suppliers by closing down and reopening under a slightly different name – all in ICSM News Issue 1

Issue one of ICSM News is out – written and designed by Harry Mottram. It covers the rise of phoenix firms – those who us legal methods to dump their debts and reopen under a slightly different name. There’s also a listing of the many firms who have gone bust this autumn, notes on liquidations and how debt collectors try to recover lost money for individuals and small businesses. There’s much more on this subject at https://www.icsmcredit.com/index.htm and at
http://www.harrymottram.co.uk/creative-services/insolvency-and-business-failure-news
/

For more features, news, views and reviews visit www.harrymottram.co.uk and follow Harry on Facebook, Twitter, LinkedIn, YouTube and God knows where else.

——————————————————————————————————————

Clintons are in talks with their landlords according to weekend reports

Clintons on the brink as talks open with landlords to save greeting card giant from collapse

A potential blow for the paper, card, envelope and printing industries has been announced with the news Clintons (formerly Clinton Cards) are seeking survival talks with their landlords with possibility of a CVA to save it.

Founded in 1968 by Don Lewin the High Street greetings card store known for its wrapping paper, Christmas and festive decorations and soft toys and gifts is on the brink of collapse according to weekend reports.

The BBC said: “The retailer, which has about 2,500 staff, is in restructuring talks with landlords in another sign of the High Street crisis. A spokeswoman told the BBC no decisions have yet been made. Clintons was responding to reports on Sunday that it wanted to close 66 out of 332 shops, with landlords slashing rents on most of the other stores. The restructuring would involve a controversial scheme known as a company voluntary arrangement (CVA), an insolvency process that allows companies to continue trading while pushing through closures and rent cuts.”

Ian Carrotte of ICSM Credit said: “If Clintons go down it would be a body blow to the paper and card industries with printers and paper manufacturers hit. We have had feedback in the last few weeks from members of our credit circle that there were issues with the card shop chain. It’s also a sign of times with a fall in traditional cards that you post with a stamp, but also the general malaise felt in the High Street with declining sales for many business models.”

In October 1994 Clintons acquired 83 shops from Hallmark and a year later another 112 from Carlton Cards with the Birthdays chain acquired in 2004. In 2012 the firm was in trouble when American Greetings bailed them out to the tune of £36m only to fall into administration themselves. It led to mass closures and the selling off of 397 shops to Lakeshore Lending leaving the current stores to fend for themselves.

The Sunday Telegraph reported on November 10, that Clintons had told landlords 90 of its stores would close as they were loss makers. However it’s possible the axe may not fall immediately as the stores now expect their busiest time of the year with Christmas on the horizon.

For details about ICSM Credit call 0844 854 1850 or visit the website www.icsmcredit.com or email Ian at Ian.carrotte@icsmcredit.com on how to subscribe and to join the UK’s credit intelligence network to avoid bad debts and late payers. Follow ICSM Credit on FaceBook, Twitter and YouTube and Ian Carrotte on LinkedIn.

To keep up to date subscribe to the FREE ICSM Credit Newsletter to hear all the latest insolvency news and to see who has gone out of business click on the orange panel on the top left of the home page of the website www.icsmcredit.com or send at email to Ian.carrotte@icsmcredit.com

For more features, news, views and reviews visit www.harrymottram.co.uk and follow Harry on Facebook, Twitter, LinkedIn, YouTube and God knows where else.

banner ad