Thu, 12 Jul 2012 | ADMINISTRATION
The promoters behind the Bloc festival have entered administration, it has been confirmed.
A brief announcement on Baseloc's website confirmed that the business was being forced to shut down its operations following the calamity that took place at last weekend's festival.
Bloc Festival was forced to close on its first evening last weekend due to crowd-management problems. Baseloc has promised to investigate the issues but it appears that ticket-holders are unlikely to receive any refund on their tickets.
The company's statement read: “The team are working hard with the administrators to investigate the issues that led to the closure of the event and people will be updated as and when we have new information.
“We ask that you allow the administrators time to conduct a thorough investigation so we can establish the facts. Once again we would like to apologise for all of the frustration and disappointment this situation has caused and thank everyone who has supported the team over the years, your continued support means so much to us.”
Parker Andrews has been appointed as an administrator and noted that Bloc “voluntarily entered administration” on 11 July. Jamie Playford has been appointed administrator. He noted that he will work to understand the facts and assess “what funds will be available to creditors and ticket-holders”.
This is a unique opportunity to acquire a specialist manufacturer, retailer, and wholesaler of soft home furnishings with a nationwide reach, based in the East Midlands.
This well-established children's day nursery, with a capacity for over 120 places, boasts a superb reputation and has been running successfully for over 20 years under staff management.
This established children's day nursery in Lincolnshire offers a prominent location and is registered for 66 children with an impressive 95% occupancy rate.
25
|
Jun
|
Administrators marketing bicycle products company for sale | ADMINISTRATION
A buyer is being sought for a longstanding distributor of bi...
25
|
Jun
|
Commercial law firm targeting acquisitive growth with PE backing | BUSINESS NEWS
A Birmingham-headquartered commercial law firm is set to tar...
24
|
Jun
|
Liquidators seeking buyers for assets and IP of Oxford medtech firm | ADMINISTRATION
Liquidators appointed to a collapsed medical technology (med...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.