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ATP comments on company closure

By | Published on Monday 16 July 2012


The company behind the All Tomorrows’ Parties festivals has published a statement following the revelation earlier this month that the ATP company had gone into liquidation.

Though the open letter from founder and promoter Barry Hogan only really confirmed what we already knew, that ATP Concerts Ltd had been liquidated, that a new company called Willwal Ltd had been set up, and that all of the ATP gigs and festivals currently in the calendar will now be promoted by the new entity. Though Hogan did reveal that moving forward his firm’s three main areas of business – festivals, gigs and recordings – would each be run through separate limited companies.

The statement reads: “We have now completed a restructuring of the business of ATP Concerts Ltd. This involved the voluntary liquidation of ATP Concerts Ltd and transfer of its assets (including the rights to the All Tomorrow’s Parties festival, label, and shows) to a new company called Willwal Ltd. We will also be dividing the business into three different companies: ATP Festivals, ATP Recordings and ATP Shows. The team however, remain the same, having been transferred over to Willwal Ltd – and the festival is still called All Tomorrow’s Parties. All future events will continue as scheduled on the dates advertised and all tickets for those events are still valid”.

Hogan continued: “ATP remains unwaveringly committed to hosting world class events. Since our inception it has been our mission to provide quality concerts for discerning music lovers around the world – our number one priority has always been the bands and the fans and we work hard, sometimes under difficult circumstances, to achieve the highest standards possible. It is a tough climate out there, but this restructuring will ensure that ATP is around for many more years to come. We thank the fans who have stood by us over the years and especially during this recent time of reorganisation”.

The statement also announced that a planned I’ll Be Your Mirror event in the US in September was moving its venue, from Asbury Park in New Jersey into New York City, for “logistical reasons”.

It’s not clear how many creditors the now defunct ATP company had, and who, other than its owners, will be affected by its demise. Though, in the current economic climate, many will be pleased that this popular alternative festival franchise is able to continue.