After all that speculation regarding the future of Gut Records we can confirm what the future of the UK indie involves. Nothing. After much reporting of financial difficulties at the label there was confirmation yesterday that Gut had gone into administration and that the label's assets were up for sale.
The liquidation involves all of Gut's assets except its compilations company GTV. So that's Gut Records, Institute Recordings, Gut Recordings, GI Recordings, Gusto and even the firm's regional promotions outfit Intermedia. The PR business' General Manager, Stacy Scurfield, has set up her own promotions company and is expected to take on some of Intermedia's plugging contracts.
Gut was launched in 1998 by Guy Holmes and released music from the likes of Space, Tom Jones and Tears For Fears over the years, and was also the label behind the Crazy Frog's short pop career.