Closure by Coronavirus has placed the company under threat of extinction.
Loss of revenue from this month’s Opera on the Harbour blockbuster means the company must sell one of its properties to survive.
Chief executive Rory Jeffes said: ‘We spent the weekend with legal advisers, financial advisers, etcetera, arriving at the point where I was able to tell the board yesterday we believed we are still solvent and that we can continue to trade. It was as serious as that.’
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