Creditor RG offers £1.1m for Bestival Group

Richmond Group, which loaned Bestival £1.6m last year, hopes to secure of the Dorset "institution", says founder James Benamor

News By | 27 September 2018

Rick Astley performs at Camp Bestival 2018 © Camp Bestival

Richmond Group, a company controlled by British loans tycoon James Benamor, has offered £1.1 million to rescue Bestival and Camp Bestival from administration.

It was revealed earlier this week that Benamor had filed notices at the High Court in London of his intention to appoint administrators to three companies behind the events, Bestival Group Ltd, Bestival Ltd and Camp Bestival Ltd. Another company owned by Benamor, Richmond Debt Capital, extended a £1.6m loan to Bestival and took charge of several festival…

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