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Bestival's money-lender is trying to buy the company

Bestival's money-lender is trying to buy the company

The loan company that recently filed legal papers confirming its intent to force the Bestival Group into administration yesterday said that it had now made an offer to buy the festival firm, a move that it says will assure Camp Bestival 2019 can go ahead.

The Bestival company itself confirmed last weekend that it had had "some financial challenges" of late. This followed media reports that money lender the Richmond Group – which seemingly loaned the festival £1.6 million early last year – had filed administration notices with the High Court.

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Posted on: 27/09/2018Categories: News from CMU Online

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