Nenagh Arts Centre has gone into liquidation.
The move was announced on the centre's website this Thursday afternoon.
A statement released on the website says:
“It is with great regret that the board of Directors of Nenagh Arts Centre Limited make the following announcement:
At a meeting of the board held on Tuesday evening the 6th September 2016 the board reviewed the financial position of the company and having determined that the company cannot continue in operation by reason of its liabilities, the board unanimously passed a resolution to put the company into liquidation due to insolvency and to call an extraordinary general meeting of the members of the company on 20th September next to pass a resolution to wind up the company and to appoint Gearoid Costelloe of Grant Thornton as Liquidator.
“A meeting of the creditors of the Company will also be held on 20th September.
“The board hopes that a solution can be found to keep the building open for activities. We would like to thank staff and patrons of the Arts Centre for their support over the years.”
By the Board
Dated this 7th September 2016.