I could tell stories about several now defunct festivals but much of the information would be based on gossip. Also, it would be unfair to revisit their woes here.

However, I'd suggest issues arise when festivals grow too big and too quickly and the correct machinery and "checks" aren't properly in place. There shouldn't really be an excuse for getting into a position where creditors are disadvantaged whether they be ticket customers, musicians, venues, or whoever. The list could go on.

Before moving to the next stage, organisers should be sure that they have sufficient funding or will have to cover all their outlays. If in doubt, do nowt.

The majority of festivals which cease to function do so with the organisers still able to holfd their heads high. Unfortunately, there have been one or two exceptions over the years.