Disgraced Lostprophets singer Ian Watkins will not receive a £150,000 payout from the band's former management company, Goonies Touring Ltd, the BBC has learned. The company, which handled concert and merchandising revenue, has been dissolved after being declared insolvent.
Watkins, 37, from Pontypridd, is serving a 35-year prison sentence for child sex offences, including the attempted rape of a baby. He was a director of Goonies Touring Ltd, which had previously been highly profitable, with nearly £200,000 in the bank and hundreds of thousands in expected performance fees.
However, following Watkins' arrest and conviction, the company's finances collapsed. The remaining band members wound up the business, and liquidators were unable to pay creditors several thousand pounds owed. A final creditors' meeting was held on 17 December 2014, and the company was formally dissolved.
Reports in the Daily Mirror had suggested that former band members Lee Gaze, Mike Lewis, Stuart Richardson and Richard Oliver could each receive up to £150,000. But the company's insolvency means no such payouts will be made.
Watkins remains entitled to royalties and publishing fees from recordings, but cannot benefit from any earnings while in prison. He was also the sole director of dormant company Made in Hell Ltd, which has also been wound up. The other former Lostprophets members now tour with new band No Devotion, fronted by American singer Geoff Rickly.
