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Economic Development

Huge debts of luxury glamping firm that collapsed before Glastonbury Festival

Yurtel, based in Corsham, Wiltshire, went into liquidation in May, leaving a number of Glastonbury glampers ticketless and out of pocket

Glastonbury Festival organisers said Yurtel had not secured tickets to this year's event(Image: Getty Images)

The substantial debts accrued by luxury Glastonbury Festival glamping firm Yurtel before its collapse last month have been revealed. Based in Corsham, Wiltshire, Yurtel went into liquidation in May, leaving several festival-goers without tickets and out of pocket.

The company had been charging between £10,000 and £16,500 for its hospitality tickets and accommodation packages for this year's event. However, Yurtel confirmed last month that it would not be honouring bookings and ceased trading on 8 May.

A recent document submitted to Companies House has shed light on the extent of the business's financial woes at the time of its collapse, as reported by . According to a report by Begbies Traynor, Yurtel had over £2.1m in unsecured, non-preferential claims against it from consumer creditors.

When compared with the assets that could be sold to cover its debts, the company is estimated to have a total deficiency exceeding £1.7m.

Last month, that Yurtel, in an email to customers, stated that booked accommodation would not be available and recommended seeking alternative providers.

The company further added that customer payments "cannot be refunded". In a statement released at the time, Glastonbury Festival said Yurtel was one of a small number of local campsites near Worthy Farm with limited access to purchase hospitality tickets for their guests

It further clarified: "As such we have no records of their bookings and are unable to take any responsibility for the services and the facilities they offer."

However, the festival organisers revealed that the firm had not secured any tickets for the forthcoming 2025 event.