BusinessBusiness RecoveryAccountants called in to rescue Mardi Gras

Accountants called in to rescue Mardi Gras

Organisers of London's Mardi Gras - the UK gay pride march - have been forced to call in corporate recovery experts to negotiate a repayment deal with creditors.

Accountants from Hacker Young stepped in after the event recorded a £400,000 deficit, after 20,000 fewer people turned up compared tolast year’s event.

Organisers blamed the poor attendance on the decision to switch the venue from Finsbury Park to Hackney Marshes.

Andrew Andronikou, from Hacker Young told the Guardian only 35,000 tickets had been sold instead of the anticipated 50,000 to 60,000.

Organisers were still hopeful of staging the event next year in Hyde Park.

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