Camden Crawl goes into liquidation

Camden Crawl has just announced that it has gone into liquidation after 19 years.

The North London, venue-hopping festival occupied 25 clubs and bars on its most recent outing at the end of last month, but an official word from the event's founder has put the future of the event into doubt.

An email from the event's founder Lisa Paulon reads: "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."

Recently, the festival had been very vocal on what restrictions and licensing laws Camden Council had imposed on the event for this year, but currently no further information has been given on the decision.

[Via Music Week]

UPDATE: Camden Crawl has now 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).

More News

R.LUM.R unveils new track 'Close Enough (Altered)'

After an incredible 2017 which saw him perform at SXSW and on Jimmy Kimmel Live, fast-rising frontman R.LUM.R has now unveiled the first track to be... 6 years 1 month ago

Unknown Mortal Orchestra announce new album 'Sex & Food'

Following on from their critically-acclaimed 2015 album 'Multi-Love', Unknown Mortal Orchestra have now announced their plans for a new studio album... 6 years 1 month ago

King Tuff announces new album 'The Other'

After returning last week to deliver his new single 'The Other', his first since his 2012 self-titled LP, King Tuff has now announced his plans for a... 6 years 1 month ago

Half Waif announces new album 'Lavender'

Following on from her 2016 LP 'Probable Depths' and last year's 'form/a' EP, Half Waif aka singer Nandi Rose Plunkett has announced her plans for a... 6 years 1 month ago

Car Seat Headrest unveils new single 'My Boy (Twin Fantasy)'

With the reimagined version of his 2011 album 'Twin Fantasy' arriving next week, Car Seat Headrest has now shared the next cut to be lifted from his... 6 years 1 month ago

Ezra Furman shares new track 'Maraschino-Red Dress $8.99 at Goodwill'

With only a few days left before he releases his highly-anticipated new album, Ezra Furman has now unveiled another cut from his upcoming full-length... 6 years 1 month ago

A Perfect Circle announce new album 'Eat The Elephant'

After returning with the new singles 'The Doomed' and 'Disillusioned' at the end of last year, rock supergroup A Perfect Circle have now done good on... 6 years 1 month ago

We Are Scientists announce new album 'Megaplex'

Following on from their 2016 album 'Helter Skelter', indie darlings We Are Scientists have now announced their plans for a new studio album in the... 6 years 1 month ago

The Magic Gang announce self-titled debut album

After unveiling some amazing singles and EPs over the last couple of years, The Magic Gang have now finally announced their plans to release a studio... 6 years 1 month ago