Camden Crawl goes into liquidation

4 July 2014, 10:18 | Updated: 4 July 2014, 13:22

Camden Crawl 2014 logo

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: