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In a statement shared with “Pride artists, contractors and suppliers”, Manchester Pride says it makes the announcement with “enormous sadness”. “A combination of rising costs, declining ticket sales and an ambitious refresh of the format aimed to challenge these issues has led to the organisation no longer being financially viable,” it says. “We regret the…
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This article was co-authored by Kylie Shaw. Why this matters Australia’s small business restructuring (SBR) regime was introduced on 1 January 2021 to give financially distressed small companies a faster, cheaper alternative to voluntary administration, and, crucially, to let directors stay in control while a registered liquidator (the “restructuring practitioner”) supervises the process. ASIC’s first…
Manchester Pride has been put into voluntary liquidation and is being assessed by the charities regulator, with the future of the event in doubt. Artists, suppliers and freelancers have been left unpaid, some of them owed thousands, the performers’ and creatives’ union Equity said. After nearly a week of speculation and a period of financial…