Administrators have confirmed that hundreds of people who bought advanced tickets from Taunton's Brewhouse Theatre won't be getting their money back.
The Brewhouse closed without warning in February after 35 years as an arts centre. Fifty staff lost their jobs. This afternoon administrators said there would be no cash available for unsecured creditors.
Taunton Deane Borough Council is hoping to take over the building.
Brewhouse bid: Council must ensure "public purse isn't burdened"
Councillor Ian Morrell has welcomed the councils decision to try to reopen the Brewhouse but has also said caution is needed:
It is good to now see the Council commit to reopening of the Brewhouse. However caution must be exercised to ensure the public purse isn't burdened with unsustainable financial liabilities. Therefore before the doors should reopen, further work is clearly required to identify cultural requirements of possible theatre users together with the on-going economic viability._
The Brewhouse Theatre in Taunton has officially closed down today. The management announced after last night's performance of Jane Eyre that it has gone into administration. More than 50 members of staff (20 full time, 35 part time) are being made redundant.
The Somerset venue has been the stage for musicians, actors and comedians for 35 years. A candlelit vigil will be held outside the theatre tonight.