Everyman Media Group has become the latest cinema chain to hire financial advisors, Sky News reports.

The 35-strong business has appointed FTI Consulting to assist in talks with its landlords as it looks to consider its options post-lockdown, despite having already reduced its pipeline since the start of the pandemic to eight new cinemas in the coming year.

The group raised 17.5m though a share placing in April to strengthen its balance sheet, but was forced to temporarily “lay off” 400 of its employees in October rather than access the furlough scheme because of an inability to pay the increased employer contribution, though it is unclear whether it reversed this decision in light of chancellor Rishi Sunak’s extension of the 80% scheme until March.

Earlier this month, Everyman said in a statement that “all appropriate measures are in place to reduce the financial impact of the closure on the group, including the reduction of operating costs and the postponement of new sites, refurbishments and other capital expenditure projects, together with accessing government support schemes where available.”

Cineworld, Vue and Odeon have all hired financial advisors to help tackle the ongoing pressures of the crisis.