Administrators dealing with the collapse of North Devon Theatres Trust say customers have been able to reclaim £112,000 from card providers

More than 1,500 ticket holders have so far been refunded around £112,000 following the administration of North Devon Theatres.

Administrators Bishop Fleming said today (Tuesday) the money had been recovered from debit and credit card providers following the shock closure of both theatres in January.

An unspecified number of people had bought tickets to see shows at The Queen's Theatre in Barnstaple and The Landmark Theatre in Ilfracombe.

Bishop Fleming said the latest six month report by the joint administrators of the trust reveals the progress that has since been made in managing its assets and liabilities.

After the trust failed, both theatres were returned to the control of North Devon Council, which bought assets owned by the trust within the properties for £24,000.

The interim report reveals that as well as the 1,500 ticket holders obtaining refunds of £112,000, a further £10,000 has been refunded by the administrators to those who bought tickets over the weekend of January 20-23, including more than £1,300 in respect of the North Devon Gang Show.

Further money collected under the Buy Our Buildings fund-raising campaign amounting to £18,705 has been ring-fenced by the administrators for repayment to donors.

The administrators have also ensured the return of third party items in the theatres, such as sale-or-return paintings, local artists' work and independent community group assets.

Bar stocks and non-perishable foodstuffs were largely returned to suppliers; perishable and unsaleable foodstuffs were passed to a local foodbank.

The two theatres have since re-opened under new management.

North Devon Theatres Trust will enter into liquidation shortly in order to pay a small dividend to unsecured creditors, including those ticket holders who have not been able to secure a refund from their bank or who paid by cash.

The full report can be viewed at http://bishopfleming.co.uk/northdevontheatrestrust