Camden Crawl organisers issue full statement following liquidation, blaming poor ticket sales

'Total debts substantially exceed the value of the assets of the Company', they say

Camden Crawl organisers issue full statement following liquidation, blaming poor ticket sales

Photo: Getty

The organisers of London's Camden Crawl have issued a full statement following the announcement that the company has gone into liquidation.

The two-day multi-venue festival, which did not take place last year, made a return this summer after being rebranded as CC14. The event took place between June 20 – 21 across 25 venues. Artists who appeared this year included Bad For Lazarus, Alexis Taylor, PAWS, Pins, Thumpers, TRAAMS and a host of others.

A statement posted to The Camden Crawl website 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… The Meetings of Shareholders and Creditors are scheduled for 11 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)."

The news follows allegations that the festival has not paid the acts who appeared. Indie label Invada Records took to Twitter to raise its concerns, tweeting "CamdenCrawl gone under without paying 2 Invada bands. They point blank refused to pay advance deposits & used the TrustUs mantra throghout." Jack Cooper from Mazes wrote on Twitter: "So Camden Crawl? Did you really just go into voluntary liquidation without paying us or anyone else?"

Read More On This Artist

More News
Boy George on cancelled Culture Club tour: 'Everything is on hold'
Dave Grohl performs acoustic version of Foo Fighters' 'Something From Nothing' -...
Joanna Gruesome win Welsh Music Prize with debut LP 'Weird Sister'
De La Soul joined by Chuck D on new song 'The People' - listen
Kurt Cobain documentary maker says film will receive UK theatrical release in spring 2015
Jimmy Page praises Royal Blood for 'taking the genre up a few serious notches'
Killer Mike says Run The Jewels spent most of their time 'high as a kite' while making...
Plans emerge that show closed London venue Madame Jojo’s was already due to be demolished
Sleaford Mods: ''Divide And Exit' changed our life course'
Robbie Williams to challenge Take That with surprise new solo album
Noel Gallagher says he gets recognised more for 'Gogglebox' appearance than music
Arctic Monkeys alert fans to 'fraudulent promotions' of fake 2015 gig
Roskilde announce Muse, St Vincent and more for 2015 festival
Twin Atlantic postpone gig at Jack Rocks The Macbeth
The Courteeners' Heaton Park gig sells out in under an hour
Bastille team up with Haim on new track 'Bite Down' – listen
Frank Ocean shares new song 'memrise' online – listen
The View announce UK tour, confirm fifth album sessions with Albert Hammond Jr.
Damon Albarn rumoured to be working on new Adele album
Noel Gallagher 'ends texts to Russell Brand with 'Parklife' jibe'
Jennifer Lawrence set to enter UK singles chart with 'The Hunger Games: Mockingjay – Part...
AC/DC reveal guitarist Malcolm Young already showed 'symptoms of dementia' in 2008

More News

Comments

Please login to add your comment.

Latest Tickets - Booking Now
 
Know Your NME
 

 
NME Store & Framed Prints
Inside NME.COM