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Ticket-holders from the Midnight Sun Weekender have been advised to act now to protect their interests.

This came after Midnight Sun Weekender ticket holders publicly expressed 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.

Accountancy experts have told that if people who have suffered loss object to the strike-off to Companies House, the strike-off action would be ceased .  

The expert view is that:  "If I lost my cash or was the Council, I would object and in the case of the Council, get a liquidator appointed."

It's understood that Comhairle nan Eilean Siar has been assured that its £150,000 in assistance to the festival will be repaid.  

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.