Creditors owed £22.5m after Festicket collapse
New financial documents show half a dozen companies were owed in excess of £1m when the platform entered administration last month
News By James Hanley | 18 October 2022
Festicket owed more than £22.5 million to creditors at the time of its collapse, according to new documents.
The London-headquartered festival discovery and booking platform, which acquired Event Genius and Ticket Arena in 2019, entered administration last month after attempts to rescue the company as a going concern failed.
A new Companies House filing shows a total of £22,560,175 in unsecured debts. Significant creditors each owed seven-figure sums are listed as Event Horizon (£2,290,244), AEG Presents (£1,506,352) and Slammin Events (£1,346,679) in…
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