An update regarding continued defence of the winding up petition from Robert McDowell, Director Summerhall Management Limited.
‘At the court hearing today, 29th November, the Sheriff continued the case until 14th February. I was not expecting this to be the outcome and will now need to take some time to consult with Summerhall Management’s professional advisors and map out our next steps over the coming days.
Summerhall Management Limited has been placed in limbo for a further 3 months and our bank accounts remain frozen, making it impossible to pay artists the box office receipts they are owed. A result either way would at least have enabled some certainty. The team have updated the Fringe Society with the result of the today’s hearing.
Whilst I am confident that there is no corporation tax due I will now look at any and all options available to me that offer the best outcome for my staff, the Fringe companies and other stakeholders who are affected.
I established Summerhall to help and support artists in our city, and especially during the fringe. That it has come to this because of an accounting error made over 10 years ago causes me great personal pain and anguish and I would like to apologise to everyone who has been affected by the current situation.
I will make a further statement early next week following detailed discussion with Summerhall Management’s professional advisors.’