The directors of the Company appointed Michael Solomons and Andrew Pear of BM Advisory LLP as Joint Administrators on 23 November 2015, pursuant to the Insolvency Act 1986. Creditors approved to extend the Administration for a further 12 months, to 22 November 2017, to allow further time for the Administrators to finalise their investigations.
The Company was converted to a Creditors’ Voluntary Liquidation on 13 November 2017 and in accordance with the Administrators’ proposals, Michael Solomons and Andrew Pear were appointed Joint Liquidators .
All proof of debts lodged in the Administration will carry through to the Liquidation and there is no need to submit a new claim if you have already done so. Hard copies of our reports are available on request.
Please note that the personal details provided by ticketholders when booking tickets online is subject to the Data Protection Act 1998. Therefore, the Administrators have not been able to obtain this information from the ticketing agency in order to write to all ticketholders individually. On 8 February 2016, the High Court of Justice ordered that the Joint Administrators may deliver notices and progress reports to creditors by making them available for viewing and downloading via the Company’s website. A copy of the sealed Orders is available to download below.
FREQUENTLY ASKED QUESTIONS
How do I lodge a claim? The amount owed to a ticketholder of a cancelled session will rank as an unsecured claim. If you believe you are a creditor please lodge a claim (if not already done so) using the proof of debt form which is available to download from this website. The completed form should be emailed to the Administrators at OktoberFestukltd@bm-advisory.com or posted to OktoberFest Ltd – In Liquidation, C/o BM Advisory, 82 St John Street, London EC1M 4JN. If you have already submitted a proof of debt form, the Liquidators’ records have been updated accordingly and a record of your claim is on file in the event a distribution is available to creditors.
How long will it take to get my money back? It is not possible to advise at this stage on the timing and quantum of any distribution available to unsecured creditors. The Liquidators must realise the assets of the Company to determine if there are available funds to distribute, as well as collate details of all unsecured creditors and the amounts they are owed.
Further information Should you require assistance that is not dealt with in this statement the Liquidators have a dedicated email address (OktoberFestukltd@bm-advisory.com) to accept queries. Due to the large volume of queries, the Liquidators request that all queries are directed to the dedicated email address and a member of the Liquidators’ team will respond accordingly. Further information can also be found at www.creditorinsolvencyguide.co.uk which is designed to provide creditors with a step by step guide to the insolvency process.
LIQUIDATORS’ REPORTS The Joint Liquidators’ will report to creditors on the anniversary of their appointment, or the end of the Liquidation, whichever is earlier.
Joint Administrators’ fourth progress report_Oktoberfest UK Ltd (in Administration)