The websites of affiliate labels Gusto Records (www.gustorecordings.com) and Institute (www.instituterecordings.com) also went down, although all three are now back up. In addition, no one was answering phones at the label's Maida Vale headquarters this morning.

At time of publication, Music Week could not contact Gut chairman Guy Holmes to confirm the news.

Gut Records' roster includes Fightstar, Chungking and the Polyphonic Spree. In the past the label has released albums from artist including Tom Jones and Right Said Fred. ...