Notice to Ticket Holders of Events Promoted by VMS Wrexham
VMS Live (Wrexham) Limited (“VMS Wrexham”)
Hugh Jesseman of Antony Batty & Co LLP was appointed Liquidator of VMS Wrexham by its members and creditors on 10 November 2021. The appointment was made because of the Company’s insolvency.
The Company provided services including promoting events at the William Aston Hall, Wrexham Glyndwr University, and received payments from customers for certain events on behalf of the agencies issuing tickets, and the venues and artists as appropriate.
As previously stated, the Company is insolvent and by definition cannot meet its liabilities in full, to potentially include any refunds which might be due to ticketholders. Part of the role of the Liquidator is to investigate the conduct of the Company prior to Liquidation, and to identify/recover assets which might be available to enable a distribution to creditors of the Company, including ticketholders as appropriate, after the costs of the Liquidation.
The Liquidator is currently reviewing all the available accounting records and financial information to assist in this investigation process.
However, based on the information currently available, there will be insufficient funds in the liquidation to enable any payment to unsecured creditors, which will include all ticketholders.
The Liquidator has been advised that where an event is cancelled, ticketholders should approach the ticket issuer in the first instance to establish whether a refund would be available under the relevant terms and conditions.
Where an event is cancelled and the ticket issuer is not providing a refund, ticketholders who have paid by credit or debit card for events which have been cancelled may seek refunds from their card issuer. Whether or not the issuer will be able to provide a refund will depend on the terms of the card agreement.
If you wish to formally submit a claim in the liquidation, please contact this office for a proof of debt form for completion, by email to email@example.com. As stated above, however, there is no prospect of any dividend payment to unsecured creditors, on current information.
(Dated 14th January 2022)