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

Kacey Musgraves shares new single 'Too Good To Be True'

With her eagerly-awaited new album set to land in just a few weeks, Kacey Musgraves has now delivered the next cut to be lifted from her forthcoming... 3 weeks 3 days ago

How To Dress Well announces new album 'I Am Toward You'

Having been almost completely silent since the release of his highly-praised LP 'The Anteroom' in 2018, How To Dress Well has now announced his plans... 3 weeks 6 days ago

Cage The Elephant announce new album 'Neon Pill'

Following on from their much-loved 2019 LP 'Social Cues', Cage The Elephant have now announced their plans for a new studio album, arriving in the... 3 weeks 6 days ago

St. Vincent announces new album 'All Born Screaming'

Following on from the enormous praise for her 2021 LP 'Daddy's Home', St. Vincent has now announced her plans for a new studio album, arriving in the... 3 weeks 6 days ago

Chastity Belt share new single 'Chemtrails'

With their eagerly-awaited new album set to arrive later next month, Chastity Belt have now dropped the next cut to be lifted from their forthcoming... 4 weeks 3 hours ago

Cigarettes After Sex announce new album 'X's'

Following on from the rapturous response to their much-loved 2019 LP 'Cry', Cigarettes After Sex have now announced their plans for a new studio... 4 weeks 5 hours ago

Julia Holter delivers new single 'Evening Mood'

With her eagerly-awaited new album set to land later next month, Julia Holter has now dropped the next cut to be lifted from her forthcoming full-... 4 weeks 21 hours ago

Rachel Chinouriri unveils new single 'What A Devastating Turn Of Events'

With her eagerly-awaited debut album set to land in the coming months, Rachel Chinouriri has now dropped the next cut to be lifted from her... 4 weeks 1 day ago

Joe Goddard collaborates with Fiorious on 'New World (Flow)'

After spending much of last year turning out a wealth of glittering delights, Joe Goddard is back once again to deliver a brand new single. The... 4 weeks 1 day ago