After 21 years, GuilFest shut down. Scotty Events Ltd, the company that ran the festival, said matters were in the hands of an insolvency practitioner. Tony Scott, from Scotty Events, said the company had been left with debts of about £300,000. He said the company's debts included payments to cover tax, VAT, PAYE, Surrey Police, Guildford Borough Council and private individuals. Reasons cited by organisers included the abundance of competing major events in that year, most notably the London Olympics. Poor weather also contributed with the rain turning Stoke Park into a "quagmire by Saturday – and by Sunday it had turned into sticky bog". To fill the gap, for 2013 the
Magic FM Summer Of Love event was held at Stoke Park on the weekend of 13–14 July 2013, headlined by
Jamiroquai and
Bryan Adams. A rival event, free festival GU1, took place the same weekend at the Holroyd Arms, a Guildford pub, in protest at what organisers saw as the "corporate takeover" of the former Guilfest by Magic FM's promoters
Live Nation. The line-up included
The Feathers,
Louise Distras, Shakespearos, Anarchistwood, The Unbelievable Freeloaders From Mars, P45, Unexpected Item In The Bagging Area, Archive 45, Gobsausage, Black Anchor, Collage of Sound, Snork and Kerb. GuilFest returned in 2014 after permission was given quite late for an event this size in January of the same year, with conditions imposed by the local council. Unfortunately despite reports of it being one of the best festivals the organisers had run, it went into insolvency again shortly afterwards blaming a bad weather forecast, leading to low ticket sales. ==Revival==