Camden Crawl enter voluntary liquidation, bands not paid

​This year’s fest - revamped as CC14 - took place on 20 & 21 June in North London. After reported low ticket sales, it now seems that the company has entered liquation. “It is with great regret that the Board has decided that there is no option but to place the Company into Creditors’ Voluntary Liquidation,” reads an out-of-office from the organisers.

UPDATE: The organisers have issued the following statement.

Due to ticket sales falling far short of expectations for this year’s event, Crawl Promotions Ltd, the Company which promotes the Camden Crawl, is unable to pay its debts in full to any suppliers, staff or the Company’s directors and shareholders. As it stands the total debts substantially exceed the value of the assets of the Company. Because of this completely unanticipated situation and after nearly ten years of successfully promoting the Camden Crawl festival, it is with great regret and sadness that there has been no other option than to convene meetings for the purpose of placing the Company into Creditors’ Voluntary Liquidation. An Insolvency Practitioner has been appointed to assist in this process, details of which follow below. The Meetings of Shareholders and Creditors are scheduled for the 11the July 2014 and notices have duly been despatched to all concerned parties. Once the Company is in Liquidation and a Liquidator is appointed, the Liquidator will realise all assets, try and agree all creditor claims and if possible make a distribution (paying a portion of the debts due to all creditors).

Insolvency Practitioner Name: Nicholas Barnett

Firm Name: Libertas Associates Limited

Telephone Number: 020 8634 5599

Address: 3 Chandlers House, Hampton Mews, 191-195 Sparrows Herne, Bushey, Hertfordshire, WD23 1FL.

Email: info@libertasassociates.co.uk

Further information about Insolvency and the Voluntary Liquidation Procedure may be found here:

http://www.libertasassociates.co.uk/insolvent-liquidations/creditors%e2%80%99-voluntary-liquidation-%e2%80%9ccvl%e2%80%9d

Meanwhile, bands from the event have taken to Twitter to criticise the festival after they were seemingly left unpaid. You can read a selection of those below (via FACT).

So Camden Crawl? Did you really just go into voluntary liquidation without paying us or anyone else?

— Jack Cooper (@jackmazes) July 3, 2014

#CamdenCrawl gone under without paying 2 Invada bands. They point blank refused to pay advance deposits & used the #TrustUs mantra throghout

— Invada Records (@invadauk) July 3, 2014

So Camden Crawl just went into voluntary liquidation. Before the bands got paid. YOU POINTY SHOED SCAMMY BASTARDS.

— Johnny Foreigner (@lexkelandjun) July 3, 2014