The organisers of celebrity chef Tom Kerridge’s UK Pub in the Park music and food festivals, Brand Events TM, has collapsed, reportedly owing £3m.
According to The Times newspaper, local councils are among the creditors owed £3m (US$3.74m), after Brand Events TM fell into administration in June, halfway through the festival’s summer tour.
Filings for Brand Events TM showed showed HM Revenue & Customs was left £1m out of pocket. Southwark Council and Warwick District Council were owed £140,000 and £14,000 respectively.
Pub in the Park was one of five festivals launched in 2017 by Brand Events TM, a joint venture between Chris Hughes and Trinity Mirror (now Reach) which owns the Mirror and Express newspapers in the UK.
Kerridge received 20% of Pub in the Park’s profits and owned 20% of its intellectual property. A spokesperson for Kerridge told The Times he was not a shareholder in Brand Events TM.
Brand Events TM’s parent company, Brand Events, is also made up of Brand Events Limited – a specialist in motoring events –and Redcoat Events which organises well-being and lifestyle shows and is a joint partnership between Brand Events Ltd, Chris Evans and News UK.