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Crowd-funding company PledgeMusic goes into liquidation

The service was used in the past by a number of musicians...

PledgeMusic liquidation
PledgeMusic liquidation

Crowd-funding organisation PledgeMusic has gone into liquidation after plans to sell the company recently fell through.

The move could mean that a number of artists who've used the service will stand to lose various sums of money. 

The High Court of Justice has now issued an order of closure against the company, which came into effect on Wednesday, July 31st. The company's website has now been replaced by the message, "As a result of the making of the order, the Official Receiver becomes liquidator of the company. Any enquiries should be forwarded to LondonB.OR@insolvency.gov.uk, quoting reference LQD5671373."

PledgeMusic launched in 2009 as a resource for helping musicians to fund music-focused projects. In the years since however, it has been accused by some of its users of failing to deliver money to artists. 

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