The company behind All Tomorrow's Parties (ATP) has gone into liquidation after being subject to a winding-up petition by HM Revenue & Customs.
The petition to wind up ATP parent firm Willwal Ltd was granted by the High Court on November 21. Willwal's most recent accounts on Companies House, dated May 31, 2015, showed debts of £71,265.
ATP announced that it was closing down its live business in June and said it was going into administration. “It is with deep sadness we are announcing that ATP Festivals and live promotions are closing down," it said in statement on its website. "After months of speculation, our funding for Iceland has been pulled and we are no longer able to continue so will be closing down the entire live side of ATP festivals and live promotions with immediate effect and going into administration."
The development followed a turbulent few years for the once much-loved brand. In April the second ATP 2.0 festival, due to have been curated by Drive Like Jehu, was cancelled. Its Jabberwocky Festival was cancelled three days before it was due to take place on August 15-16, 2014 at the ExCel in London.
An application for compulsory strike off was previously made in June 2015 but was discontinued the following month. Prior to that, the company went into liquidation in June 2012 with a reported debt of £2.6 million. Founder Barry Hogan and business partner Deborah Higgins then restructured as Willwal Ltd to launch new events.
Back in January, Willwal took out a loan from Manchester-based Ashley Business Cash, which specialises in supporting small businesses with cashflow problems.
