All Tomorrow’s Parties denyinsolvency: "There are somechanges happening"
Wed 4th Jul, 2012 in International News
All Tomorrow’s Parties have released a statement denying insolvency after it was made public that the company had been ‘dissolved’ on June 21st.
Reaching out to concerned fans on Facebook organisers stated: “To address the rumours some of you may have seen; there are some changes currently happening with the company, but none of the currently scheduled events or future events will be affected.”
While there has been no elaboration on what these changes specifically involve, according to a public notice the company ‘ATP Concerts Limited’ has gone into voluntary liquidation, with a meeting of creditors occurring on June 28th in London. Somewhat confusingly, however, this business name is still listed as ‘active’, while ‘All Tomorrow’s Parties Limited’ is listed as ‘dissolved’.
It is also listed that in 2011 ‘ATP Concerts Limited’ had £61,922 in the bank; a net worth of minus £2,102,324; and total liabillities of £1,907,163.
In an interview with Melbourne radio station RRR earlier this year, festival organiser Barry Hogan candidly discussed the financial failure of the event’s Down Under debut at ATP Mt Buller: “We lost loads of money and they wouldn’t come. And [punters] are like, ‘I wish I went to that.’ Well, you didn’t – and that’s why we’re not doing it again.” His Australian wife and co-organiser Deborah Higgins was more optimistic about the event returning to our shores saying in the same interview, “It’s never off the table, but we really need to make sure that we would get the numbers, before we embarked on it again.”
The next ATP event I’ll Be Your Mirror is happening in New Jersey this September, and stars The Afghan Whigs (curators), Louis CK, The Roots and The Makeup.