Surrey-based festival Guilfest has gone into administration, following poor ticket sales for this year’s event.
In a statement on the Guilfest Facebook page, parent company Scotty Events said: “Scotty Events Ltd regret to announce that Guilfest has ceased to trade due to poor ticket sales at this year’s event in July.
“We assess that this was down to the worst weather conditions we have experienced in history of the festival, combined with intense competition presented this year from other events. On-going matters now lie in the hands of the insolvency practitioner Leigh Adams LLP”.
Speaking to the BBC, founder Tony Scott said that poor ticket sales this year – due in part to locals holding off buying tickets in order to see how the weather turned out – had left the festival with debts of £300,000.
The news came just a day after Vince Power’s Music Festivals plc – which owns the Hop Farm and Benicassim festivals, amongst others – also called into the administrators.