UK: ChillFest Limited entered into voluntary liquidation on October 15, reports David Davies. The company is said to have sold “insufficient tickets” to cover the cost of the 2009 Big Chill festival, which featured a typically diverse line-up including Amadou & Mariam, Calexico, Spiritualized, poet John Hegley and comedian Robin Ince.
Ian Sykes, client partner from UK accounting, tax and business advisory group Vantis Business Recovery Services (BRS), has been appointed to serve as Liquidator.
“The company sold insufficient tickets to cover the cost of the 2009 Big Chill festival, and the parent company was unable to provide any further financial support,” explained Sykes.
As a result of the entrance into liquidation, ChillFest Limited ceases to trade and is being wound up. Rights to hold future festivals were sold to Festival Republic prior to the liquidation, and Sykes is now working to “maximise realisations from the remaining assets” for the benefit of ChillFest’s creditors.
Fortunate to be excluded from the creditors’ list is Dobson Sound, which has been involved with the festival for six years, the last three as primary sound supplier. “It is very sad news,” Paul Dobson tells PSN-e, adding that the event was a major part of Dobson Sound’s summer in terms of logistics and equipment. “We really hope the festival continues under the new ownership, and it would be nice to be given the opportunity to carry on our involvement. It’s early days, of course, and we will have to wait and see.”