Fri, 21 Sep 2012 | BUSINESS SALE
The Theatre Royal in Lincoln has been sold to LTR Trading Limited after its previous owner was placed into administration.
Lincoln Theatre Limited entered administration after finding itself thousands of pounds in debt. It is thought to be unlikely that this will ever be fully paid off by the former owner but the sale should secure the future of the theatre itself.
Richard Saville, an administrator from business recovery experts Begbies Traynor, commented: “I can confirm the assets of Lincoln Theatre Limited have been sold.
“Whether or not Lincoln Theatre Limited itself comes out of administration in due course – it is a case of maybe, maybe not.”
He added: “There is still a possibility Lincoln Theatre Limited could go into liquidation. There are several creditors of Lincoln Theatre Limited and at this stage I would say it is unlikely they will see their money again.”
Ian Dickens, chief executive of the theatre and director of Lincoln Theatre Limited, told the Echo that the administration of the theatre was a result of the recession, which has been “hard on all theatres”. He added: “I believe the new owners' commitment to live theatre is demonstrated by the establishment of a reportory company able to produce new plays regularly to keep the theatre live and vibrant.”
This thriving company, specialising in yoga equipment and wellness products, offers a unique opportunity with its extensive stock, experienced team, and potential for growth through innovative marketing strategies.
This well-established business, a market leader in tube manipulation and welding services, presents a unique opportunity with a loyal client base across the UK and international markets.
A well-established glazing and glass business located on a business park in Derbyshire offers solid partnerships with local businesses and the council.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.