In an announcement that has surprised many in Sydney’s independent theatre sector, the Directors of Darlinghurst Theatre Company have resolved to place Darlinghurst Theatre Limited (“Company”) into Voluntary Administration.
Jonathon Keenan and Peter Krejci of BRI Ferrier have been appointed Joint & Several Administrators of the Company. Given the Company’s financial position, all trading has been suspended and no events will go forward until further notice.
Administrators are exploring all options to save or restructure the business. If any parties are interested in assisting with that recapitalisation and restructuring process, they should contact the Administrator’s office urgently.
The Administrators will be issuing more communication to all creditors and stakeholders in the coming days and that ticketholders should explore options to recover their funds via a “chargeback” through their credit card provider.
Darlinghurst Theatre Company was formed in 1993 by Glenn Terry and became one of the largest employers of artists and arts workers in the small-to-medium, not-for-profit sector. It was a company known for its dedication to the integrity of artists vision, welfare and accessibility.
Previously based in the building that now holds the Hayes Theatre, in 2013 the company moved to a new 200 seat theatre, The Eternity Playhouse, in the heart of Darlinghurst. The company receives support through the City of Sydney’s Accommodation Program and the NSW Government, through Arts NSW.
For more information about Darlinghurst Theatre Company, visit: www.darlinghursttheatre.com for details.
Image: Exterior of the Eternity Playhouse – photo by Damian Shaw