Festicket formally falls into administration

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2022-09-22 15:00:19

Ticketing company Festicket has officially fallen into administration, with a Companies House filing this week confirming that ReSolve Advisory Limited has been appointed to oversee that process.

This isn’t a surprise, given another recent filing which stated that the company’s board had “resolved on 29 Aug that the company should enter administration proceedings and that a Notice Of Intention To Appoint Administrators be filed”.

Then clients of Event Genius, a provider of various ticketing tools that was acquired by Festicket back in 2019, received an update telling them that talks were underway to sell many of its assets to US-based ticketing tech business Lyte, while the Event Genius company itself was being wound up.

That update added: “We are in a process to wind down the existing business, which includes the appointment of an administrator to determine what monies will be on-hand to pay out unsecured creditors and promoter obligations. You will be hearing more on that process from us soon”.

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