Wildcard Theatre Company has announced its closure after eight years of operation, citing financial difficulties.
“Having taken this time to consider our options after the closure of our Wildcard Studios at the end of last year, we feel as a collective we’re not in a position to achieve our aims as effectively and dynamically as we previously have in the current financial climate,” the company said in a statement.
“This has led to the difficult decision to close this wonderful chapter in our lives. It will take us a few months to complete this process.”
Wildcard Studios, the company’s four-storey West End venue offering subsided rehearsal space and free study space, was launched in 2019 and closed at the end of last year.
During its three years of operation, the space engaged with over 1,200 individual companies and artists and had more than 4,000 booking, despite restrictions imposed by the Covid-19 pandemic, the company said.
Wildcard Theatre Company was formed in 2015 by a group of graduates from the Oxford School of Drama with a mission to champion unknown talent.
It eventually evolved into a charity that “aimed to engage new audiences and provide a home for emerging artists”, the statement said, as well as developing “stories that promoted positive social change”.
The company “will no longer be creatively contributing to the theatre landscape” but will be working with the Pleasance Theatre to set up a Wildcard grant in support of their Associate Artist scheme.
More information about the grant is expected to be released in the coming months.