Bryson Tiller @ the Sydney Opera House(Credit: Daniel Boud)

After last year’s edition of the Souled Out festival was cancelled, the company behind the R&B-focused event has entered liquidation.

The Courier Mail reports that liquidators Laurence Fitzgerald and Garth O’Connor-Price, from the business advisory firm William Buck, were appointed to the event organisers on Thursday (8 January), with their first meeting scheduled for next Friday (16 January).

Changes to the company’s shareholders took effect in November. However, before then, the Souled Out company was directed by Victorian-based co-founders Alexander Ross McDonell and Emal Naim, an artist agent.

The pair co-owned the festival company with Michael and Vedrana Zarafa and Kaitlyn Rose Porter. Additionally, Bernard Kumar, co-founder of Promiseland festival alongside Naim, was a previous shareholder. Michael O’Grady has been the sole director and shareholder of the Souled Out company since November.

Last February, the Souled Out festival was cancelled a week out from its dates in Melbourne,…