EMPIRE Cinemas has announced that it will be closing multiple sites after falling into administration. The cinema chain operates 14 locations across the UK and six are set to close with immediate e…
What do I do if I have a gift card or guest pass?
Gift cards, ticket e-codes, gues passes and readmission tickets will continue to be valid at the sites that are still trading.It is never really a good idea to buy gift cards as presents, because, in situations like this, you could find it hard to get your money back. When a firm collapses and administrators are brought in, they view customers with gift cards as creditors.Tony Nygate, BDO business restructuring partner said: "The well-publicised challenges for the leisure sector from the impact of COVID-19, rising inflation and the cost-of-living crisis have significantly affected the Companies’ business.
"The remaining open sites are continuing to trade while we explore the sale of as much of the business as possible."When a company enters administration, all control is passed to an appointed administrator - who has to be a licensed insolvency practitioner.Once the administrator has taken over, a moratorium is placed around the company and stops all legal actions.Read More On The Sun
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