THE MAJORITY of the 32 creditors owed money by the company behind the failed Hope and Glory Festival (HGF) in Liverpool, which entered liquidation with debts of £888,984, are unlikely to be reimbursed after it was revealed it has assets of only just £63,600 (see LIVE UK issue 212)
Among those left out of pocket are ticketing companies Eventbrite and Skiddle, which are owed £138,368 and £73,000, respectively – Eventbrite sold more than three-quarters of the tickets for the 12,500-capacity event, while Skiddle provided back-office white label facilities for promoter tinyCOW – itself owed £71,000 – run by festival organiser Lee O’Hanlon.
A statement of affairs published by liquidator Butcher Woods, also shows HGF director Iain Kerr is owed £270,000. Kerr is also listed as director of Melodi Ltd, owed £65,000, and Hunky Dory Media, owed £60,000.
As LIVE UK went to press, Butcher Woods’ Jim Goudie says it is still unclear which creditors would take priority when it came to dividing the assets.
Liverpool City Council is carrying out an independent review into the festival, which was apparently cancelled for health and safety reasons before the second day, following overcrowding and delayed performances.
According to the Liverpool Echo newspaper, the inquiry was delayed as the council, which is chasing costs of just over £70,000, was unable to meet O’Hanlon, who had gone on holiday.
“The independent review into the operational detail of the Hope and Glory Festival will be complete shortly and any lessons learned will be implemented for future events run by outside organisations,” says a council spokesman.
Other creditors include Hi Lights (owed £21,600), DNG Production and Event Crew (£21,103), caterer Gig-a-Bite (£11,376), Nitelites (£9,800) and Live Nation Entertainment (£6,975).