Jeremy Frost and Patrick Wadsted of Frost Group Limited have today 16th September2024 been appointed as liquidators for Viral Ventures UK Ltd, the company behind Karen's Diner On Tour and Broadway Events On Tour. There has been mounting financial pressure, including the presentation of a winding up petition by a creditor.
Frost Group Ltd will manage the liquidation process with professionalism and transparency. In particular, a dedicated website has been established and can be found at : https://viralventures.claims Customers, creditors, and employees are encouraged to access the site for further information and updates when available.
Customers who have made bookings with deposits are encouraged to contact their credit card providers, as insurance protections may be in place to assist with refunds.
Jeremy Frost, Director of Frost GroupLtd, said: "It is always a challenging moment when a business, especially one with the reach of Viral Ventures, is forced into liquidation. We understand the disappointment and concern, particularly for those with deposits for upcoming shows. Our priority is to guide those affected through this process and ensure the necessary steps are taken."
Frost Group Ltd will work closely with all parties involved to facilitate the best possible outcome.
Jeremy Frost added: "We extend our sympathy to the employees, customers, and creditors at this difficult time. We encourage anyone impacted to visit the website for guidance on the next steps and available resources."
Viral Ventures has 77 staff members, with the large majority working on zero-hour contracts. In addition, the liquidators are aware of over 2,500 clients who have paid for events that are now very unlikely to take place.
At Frost Group, we want to make things as easy as possible for you. That is why, if you can’t come to us, we’ll come to you. We operate face to face, nationwide meetings, wherever is most convenient for you.
Court House,
Old Police Station South Street,
Ashby de la Zouch LE65 1BR
0345 260 0101
enquiries@frostbr.co.uk