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Festival organisers put company up as collateral for loan just days before cancelling

16 0
17.07.2026

They show how one of the firms associated with organiser Heritage Live pledged almost the entire company as collateral for a loan from a business lender just days before cancelling the concerts.

Heritage Live scrapped the festival on Monday, citing low ticket sales and a financial rescue package falling through.

The Heritage Live festival at the Sandringham Estate was cancelled on Monday (Image: Heritage Live Festivals)

Despite concerns from fans who purchased tickets, organisers have said they will receive refunds.

The documents filed with Companies House also show income from ticket sales through Ticketmaster was pledged as security for the loan.

It means that if the company were to fail and enter administration or liquidation, that pot of money is likely to be spoken for, which could bring complications for refunds.

The Heritage Live festival at the King's Sandringham Estate was set to have headline performances from Janet Jackson, Lionel Richie, Christina Aguilera, Ricky Martin and Eric Clapton over several nights next month.

The annual event was also due to feature a live comedy stand-up stage for the first time, with headlining comedians including Russell Howard, Josh Widdicombe, Rory Bremner, Tom Allen and Russell Kane.

A bird's-eye view of the festival at Sandringham Estate in 2025........

© Norwich Evening News