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The Bike Shed Theatre in Exeter has appear it will abutting its doors afterwards this year.

In a account on the theatre’s website, administrator David Lockwood explains that due to poor balance at the venue’s bar, the theatre will charge to close.

He said: “Some of you will apperceive the abnormal anatomy of our organisation. It’s absolutely two businesses, one acknowledging the other. Our bar has accustomed its accumulation to the theatre, which is a charity. So every time you’ve bought a pint in our bar, you’ve been anon acknowledging ability in Exeter. Thank you.

“But for abounding reasons, abundantly the absurd ambit of bubbler establishments in the city, our bar is not axis over the all-inclusive profits it needs to accumulate the theatre at a aerial standard. “

Lockwood goes on to say that the organisation doesn’t appetite to advertise the bar to a alternation and doesn’t appetite to ‘go backwards’ so ‘with a actual abundant affection and afterwards a lot of attempts to acquisition a way to accumulate on going, we’ve absitively to abutting up’.

The theatre will abutting on March 31. Lockwood is continuing to accompany account alfresco the building, at the Boat Shed, with affairs accurate by the Arts Council and Exeter Burghal Council. The affairs will see the behind warehouses on the anchorage in Exeter transform into a amplitude for music, theatre and start-up businesses.

The Bike Shed opened in 2010 and is based on Fore Street in Exeter. Theatre Company Tangle are to accomplish Doctor Faustus at the end of February in the venue.

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