THE business behind a cancelled Olly Murs concert and Poole’s Upton House Music Festivals is being wound up with no money for creditors.

Fans of the pop star were devastated when an open air concert at Bournemouth’s Kings Park was called off a fortnight before it was due to take place in the summer of 2017.

Organiser Stephen C Associates, under director Stephen McManus, had gone bust with debts of almost £900,000.

A report by joint liquidator Nicky Fisher, of Herron Fisher, has confirmed no money has been recovered to pay creditors.

“Various avenues of investigation have been followed, none of which have produced any financial benefit for the company’s creditors, and none of which have made me believe that any realisations are likely to be achieved,” she wrote.

Thousands of Olly Murs fans disappointed after Kings Park concert is cancelled

She added: “It was suspected that there may have been monies owed to the company from some of its customers, but in the absence of any assistance from the company’s director or former staff, and with the poor quality of the company records recovered, we were unable to prove whether or not any monies were actually owed to the company.”

Mr McManus – who has since gone on to take over the popular Bournemouth cafe bar Flirt – insisted he had cooperated with the liquidators.

“Any money owed, we would have tried to collect and pass on to the creditors,” he said.

“I was very helpful to them all. There was no money owed. Any monies were collected.”

Ms Fisher said she had investigated the company’s affairs to see if there were any other assets to be recovered “or conduct matters that justified further investigation”.

“I particularly investigated cash withdrawals and transfers made from the company’s bank account in the two years prior to the company ceasing to trade in July 2017. Insufficient evidence was uncovered and investigations revealed that no recovery actions could have been successfully pursued,” she added.

Revealed: Man behind cancelled Olly Murs concert owes money for Upton House Music Festival too

Debts of Olly Murs concert promoter Stephen McManus revealed

‘We weren’t paid money’, says promoter behind Bournemouth’s cancelled Olly Murs concert

It was estimated that 66 unsecured creditors were owed a total of £877,862 and liquidators received claims from 46 of them totalling £482,904. Among them was HMRC, owed £14,055.

Previous reports have revealed that the company’s biggest creditor is the payments processing company Worldpay, owed £535,820

The former Borough of Poole was owed £11,000 from the Upton House Music Festivals which Mr McManus put on in 2016 and 2017 while Bournemouth council was owed £18,000.

Bournemouth Symphony Orchestra was owed £30,000 when another of Mr McManus’s events, Last Night of the Proms at Powderham Castle in Exeter, was axed at the same time as the Olly Murs show.

Some 30 claims were from ticket holders who may have been compensated in the meantime by their banks or credit card companies, the report says.