The official tourist board of Cornwall has entered voluntary liquidation, the organisation has confirmed.
A spokesperson for Visit Cornwall said the decision was due to “insurmountable financial problems”.
It comes after a business review and organisational changes instigated by the board in August.
The spokesperson said it had been an “incredibly difficult decision” but was “the only responsible choice” and they “needed to take it before another round of membership payments was due in two months”.
Chair of the board Jon Hyatt said non-executive voluntary directors had worked “tirelessly, in an extremely challenging environment, to create a long-term sustainable future for Visit Cornwall”.
He said the board had explored “every avenue…