Cornwall's Kneehigh Theatre will close, its board of trustees has announced, citing the company's artistic leadership.
It has remained financially stable throughout the pandemic, receiving nearly £250,000 in Culture Recovery Fund money.
A statement from Board Chair Hedda Archbold said it aims to close the company in "as short a timeframe as possible":
"Recent changes in artistic leadership raised questions as to whether Kneehigh could sustain their vision going forward.
"The trustees and company reflected on a possible new future but concluded that it was better and more responsible to close Kneehigh and ensure an orderly wind down."
Kneehigh's Founder Mike Shepherd departed as Artistic Director in March, following Deputy Artistic Director Carl Grose's resignation.
Kneehigh has been contacted for comment.
Planned shows will be cancelled. The company's costumes, sets, proprs and other assets will be gifted and it hopes its digital Kneehigh Kitchen and Cookbook will live on.