Bestival faced with administration over “financial challenges”
Bestival Group is seeking a "new partner" for 2019 and beyond, as lender James Benamor tries to have Bestival and Camp Bestival placed in administration
News By IQ | 24 September 2018
The companies behind the UK’s Bestival and Camp Bestival festivals are reportedly heading for collapse, after billionaire creditor James Benamor revealed plans to place them into administration.
Benamor has filed notices at the High Court in London of his intention to appoint administrators to Bestival Group Ltd, Bestival Ltd and Camp Bestival Ltd, reports the Sunday Times. Companies House filings show a company owned by Benamor, Richmond Debt Capital, extended a loan – in the region of £1.6…
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