Midnight Sun Weekender ticket holders are expressing disquiet over their unpaid refunds after it emerged the festival company has filed to be struck off the Register of Companies and dissolved.
The move to wind up Midnight Sun Festivals Ltd. (SC706729) came to light after Companies House issued its Gazette last week.
The official Companies House publication, issued on Tuesday, May 30, revealed that the Registrar of Companies gives notice that, unless a cause is shown to the contrary, the Company [Midnight Sun Festivals Limited] will be struck off the register and dissolved not less than two months from the date shown above [May 30, 2023].
The notice adds: “Upon the Company’s dissolution, all property and rights vested in, or held in trust for, the Company are deemed to be bona vacantia and will belong to the Crown.”
Company directors Charles Clark and Ian Macarthur submitted the application for the company to be struck off on May 23, just over a week after the festival was cancelled.
That day, Monday, May 15, Midnight Sun Festivals Limited posted a Dormant Accounts Balance Sheet as of August 31, 2022, which showed total shareholder funds of £100.
According to company records, a third director, Ariki Porteous, resigned on Monday, March 13.
Since the ambitious three-day festival was axed last month, there have been no further announcements from the organisers. Their Facebook page has also vanished.
After the festival cancellation announcement, ticket holders were told they would receive their refunds within 48 hours.
The organisers also assured Comhairle nan Eilean Siar, who had handed over £150,000 of festival funding, that ticket refunds were in hand.
The festival’s website is still live, and the ticket section continues to state: “If you have purchased tickets for this event, please check your email or online order history for further information.”