Camden Crawl goes into voluntary liquidation

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  • The North London festival made the move after experiencing financial difficulties.
  • Camden Crawl goes into voluntary liquidation image
  • The Camden Crawl has gone into voluntary liquidation. When RA contacted festival organisers, the following out-of-office message appeared: "Please be aware [that] unfortunately Crawl Promotions Limited T/A Camden Crawl is experiencing financial difficulty. It is with great regret that the Board has decided that there is no option but to place the Company into Creditors' Voluntary Liquidation. The Board has instructed an Insolvency Practitioner to assist in this process." As FACT report, a number of labels and artists remain unpaid following a low turnout. The Camden Crawl took a year off in 2013, and returned this year rebranded as CC14. It ran on June 20th and 21st at roughly 25 different venues around Camden in North London. Though its history is as a band-focused event, the 2014 lineup had a number of leftfield electronic acts like Laurel Halo, Visionist, SOPHIE and The Field. Update—July 4th: Festival organisers have made a public statement on the Camden Crawl website. It reads: "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)."
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