a firm of licensed insolvency practitioners

In my experience with volunary organisations like Stroud FM, when you get insolvency guys in they sell whatever assets they can, and any cash left magnificently covers their fees with nothing left over.

If the sponsor(s) who dropped out were local gov, then it can be explained by the austerity generally. Pot holes are more important. They translate into votes. Locally!.

I liked the festival in the 90s but I had a billet in the town then.