A moratorium filed by festival package company Festicket has come to an end, with Companies House filings detailing suggestions from monitors that the company should enter administration. Filings show that the moratorium was ended by monitors on August 30 as ‘the company is unable to pay any of the following that have fallen due: moratorium debts; …
Festicket Moratorium hints at post-pandemic struggles
Festival package company Festicket has filed a moratorium, which typically means that struggling businesses are given formal breathing room to try and come up with a rescue plan. According to Companies House, the Commencement of Moratorium was listed today (Wednesday) and is being processed. The UK Government says that a moratorium means no legal action …