The successful theatre company had no cash flow after Covid-19 hit. Shakespearean theatre company the Pop-Up Globe owes $728,000 and was insolvent at the time it failed, the first liquidators’ report on the business says. The liquidators hope to sell the business as a going concern and are in early discussions with a group of parties who may have an interest in taking it forward, the report said. Company founders Dr Miles Gregory and Tobias Grant put their entities Pop-Up Globe Foundation and Pop-Up Globe Melbourne 1 into voluntary liquidation on March 3, after the homegrown theatre phenomenon became “a victim of Covid-19’s wrecking ball”.