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Events By B3 Ltd - Liquidation
Events By B3 Ltd, the company that organises and runs The Yorkshire Dales Food and Drink Festival, the UK’s largest food and drink festival, was placed into liquidation on 14 May.
Founded in 2015, the three day festival typically attracted over 30,000 visitors and 200 exhibitors and offered a diverse schedule of bands, street food, pop-up restaurants, workshops, food tasting and masterclasses from leading food and drink celebrities. The festival is estimated to generate around £7.0 million for the local economy.
Unfortunately, the event in 2023 was seriously affected by flooding which led to unforeseen costs and made the event loss making. This had a major impact on cash flow for the company in the latter part of 2023 and continued into 2024. With 2024 ticket revenue also behind plan, the difficult decision was made to cease trading.
Jonathan Amor and Richard Oddy of Azets were appointed joint liquidators and will be taking steps to market the assets for sale. Unless an interested party comes forward to resurrect the festival, the 2024 festival in July will not take place.