Camden Crawl goes into liquidation
4 July 2014, 10:18
The annual London festival, which takes place around a number of different venues in the Camden area, has had to call it a day due to financial problems.
In a statement, the organisers said:
"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."
The last event took place in Dublin only two weeks ago, across the weekend of 20 and 21 June. The news has angered some bands, labels and management companies, who were involved with this year's shows:
How did Camden Crawl let this happen?? We took time off work, paid for transport and fee was for studio rent. This is fucking ridiculous.— Parlour (@PARLOURMUSIK) July 3, 2014
So Camden Crawl just went into voluntary liquidation. Before the bands got paid. YOU POINTY SHOED SCAMMY BASTARDS.— Johnny Foreigner (@lexkelandjun) July 3, 2014