There is speculation that U.K. indie label Gut Records is in financial difficulty and facing an uncertain future. Calls have not been answered at the label's London offices for the past few days.

It is not clear whether Gut has gone into administration. According to online media reports, the label's regional promotions arm Intermedia has shut down.

Gut was founded by Guy Holmes 20 years ago and its current roster includes Fightstar, Lazytown and The Polyphonic Spree. The label also released novelty tracks by Crazy Frog.