Truck co-founder denies it is going into administration

However, he admitted the 2011 festival has caused financial difficulties and told local paper, the Oxford Mail that the situation was not looking good.

"Our revenue has not been adequate to cover the cost of this year's event and we have been left with a major hole. We are a small family business and we cannot sustain that kind of loss, and are now reaching out to find a method of dealing with it".

Bennett blamed a lack of full-price ...

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