A Sydney-based arts company that has operated for more than four decades has appointed a liquidator, according to statements released by the organisation’s board. The board says the decision follows consideration of the company’s long-term financial sustainability. Multiple outlets report that the move is intended to manage the company’s winding up after the board determined it could not maintain operations in the longer term. The reports describe the outcome as deeply disappointing and note that the company’s history spans over forty years. Details of the company’s specific financial position, liabilities, or the immediate impact on staff, contractors, and programming are not included in the excerpts provided. The board’s announcement is the key shared information across the sources: the company folds and a liquidator is appointed, with the rationale linked to ongoing financial sustainability. Further information about the process and any measures for affected stakeholders would depend on subsequent releases or filings related to the liquidation.