Administrators have been called in at the Warehouse Theatre, Croydon, after its board of directors failed to raise sufficient funds to keep the venue in operation. The current show, Call Mr Robeson, completes its run on 20 May, after which the theatre will go dark.

The south London venue, which was established in 1977, had its annual funding of £125,000 from Croydon Council cut in 2005. It continued to be funded by London Councils to the tune of around £60,000 annually after that point, with Croydon Council taking over after London Councils cut its arts funding budget entirely in May 2011. The theatre received funding from the Arts Council between 1993 and 2006, but was refused regular funding by the organisation last year.

The Warehouse has slimmed down its operations in recent years, commented artistic director Ted Craig, making all but three full-time members of staff redundant and relying on box office revenue. The final straw came last month when Croydon Council made the decision to withdraw funding altogether. With the Warehouse in debt to the tune of around £100,000, Jeremy Frost of Frost Business Recovery stepped in yesterday following a meeting of the theatre's board on 4 May.

A statement from the venue reads: “In addition to the theatre providing opportunities for new writers and actors to develop their talents, the Warehouse has actively supported local communities and charities in Croydon and would be sadly missed by them all.”

The theatre's emergency fundraising campaign, which was launched last Friday, has raised so far just over £1,400. “To continue”, said Craig, “we'd probably need £200,000, although £30,000 would accomplish something.”