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Theatre bosses call in liquidator Theatre bosses call in liquidator
(11 minutes later)
Theatr Gwynedd in Bangor has gone into liquidation, days before it was due to close.Theatr Gwynedd in Bangor has gone into liquidation, days before it was due to close.
The theatre was bringing the curtain down the end of October but at a meeting, the management board has decided to call in the liquidators. The theatre is bringing the curtain down at the end of October but at a meeting, the management board has decided to call in the liquidators.
In a statement, the board said this would delay redundancy pay to staff.In a statement, the board said this would delay redundancy pay to staff.
Last week, supporters of Theatr Gwynedd presented a 2,000-name petition opposing its closure, to the Welsh Assembly Government's culture minister.Last week, supporters of Theatr Gwynedd presented a 2,000-name petition opposing its closure, to the Welsh Assembly Government's culture minister.
In a statement, the board said it had met on Wednesday evening.In a statement, the board said it had met on Wednesday evening.
It read: "The financial situation of the company was examined thoroughly. It was decided that the company could not continue to trade because of financial difficulties.It read: "The financial situation of the company was examined thoroughly. It was decided that the company could not continue to trade because of financial difficulties.
"The board regrets that this will cause a delay in the payment of redundancy payments to members of staff. These payments will be made at a later date.""The board regrets that this will cause a delay in the payment of redundancy payments to members of staff. These payments will be made at a later date."