A “FAMOUS” Scottish cinema dating back to the 1950s has been placed into provisional liquidation with all eight staff made redundant.
Blair Milne and David Meldrum of accountancy firm Azets, who have been appointed joint provisional liquidators, are asking interested parties to contact them “promptly, to maximise the chances of finding a buyer keen to reopen the famous venue”.They said: “The provisional liquidation has been caused by a marked decline in audience numbers and revenue stemming from the Covid pandemic, together with rising operating costs due to inflationary pressures.
The cinema has two screens with the larger featuring 148 seats and 3D projection facilities while the more “compact” screen has 22 seats. "We are hopeful that our urgent call for a buyer will appeal to a variety of interested parties including existing cinema operators, an entrepreneur keen to enter the sector or a larger business willing to invest in an important and valued community asset.
"We would like to thank our current dedicated staff and all the community that have supported us with their patronage since 2012.”We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
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