The latest casualty of the cash crisis afflicting nonprofit British legit is the historic Liverpool Playhouse, home of the oldest continuing rep company in England. The outfit, with debts of more than £ 600,000 ($1.14 million), is now under court administration, one step this side of receivership.

The Playhouse is one of two Liverpool theaters noted for originating the works of hometown playwright Willy Russell, author of “Educating Rita” and “Shirley Valentine.”

The administration order gives the Playhouse three months to assemble a rescue package. Some 70 jobs also are at stake.

The theater’s plight is blamed on the failure of various municipal bodies in the area to come up with grants matching the annual federal subsidy from the Arts Council.

Follow @Variety on Twitter for breaking news, reviews and more