BusinessBusiness RecoveryTicket Tout collapses leaving fans ticketless

Ticket Tout collapses leaving fans ticketless

Thousands of music fans without tickets for summer gigs despite paying through online ticket provider Ticket Tout

The number of music fans who lost out on tickets already paid for due to the
collapse of online ticket agency
TicketTout.com
is climbing, according to its administrators.

The online ticket website entered administration yesterday, with reports
suggesting 6,500 people would lose out despite paying for tickets to see
headline acts this summer, including The Police and Arctic Monkeys.

Joint administrator Lane Bednash, a partner at Valentine & Co, told
Accountancy Age that quantity of calls received by the firm’s newly
set-up helpline suggested the number of people who had bought tickets would be
higher than originally estimated.

The collapsed business is thought to owe more than £2m to creditors, of which
£1.4m relates to tickets bought for people that cannot be supplied.

More information can be found at
www.insolvencynoticeboard.co.uk

Further reading:

Kwik Save avoids administration

KPMG administrators called in at Toyworld

Insolvency set back 20 years by court
ruling

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