Three more festivals packed up their tents for the last time today, firstly the company behind both Hop Farm and Benicassim looks set to set to fold as administrators prepare to delve into their floundering books. One man set to lose big time is former Mean Fiddler supremo Vince Power who owns Up to 40% of the company along with relatives of his, and they look like they'll be walking away empty handed. Despite Power providing the business with a £750k loan earlier this year they have decided to call in administrators which will almost certainly seal Hop Farm's fate, while you would think someone will rescue the very popular Benicassim.

"The board has in recent weeks pursued a number of different funding proposals but the company has not been able to procure the necessary funding it requires" the company said in a statement although it is unclear what will happen to funds earned from the sale of any 2013 early bird tickets for either festival.

Both the weather and the Olympics have been blamed for poor tickets sales across all this summers festivals with Guilfest being the third to throw in the towel over the past 24 hours having posted the following statement on their Facebook page:

"Scotty Events Ltd regret to announce that Guilfest has ceased to trade due to poor ticket sales at this year’s event in July.

We assess that this was down to the worst weather conditions we have experienced in history of the festival, combined with intense competition presented this year from other events. On-going matters now lie in the hands of the insolvency practitioner Leigh Adams LLP.

Tony Scott and the Guilfest team would like to extend their thanks to everybody who has been involved in working with the festival in its 21 years, the artists who performed and of course the thousands of attendees, without whom none of the events would have been possible. It has been a privilege and a pleasure to organise Guilfest and see it evolve into the renowned festival it has become."

Let’s hope these are the last casualties of the summer...