Lion Hudson PLC (01051118): administration
- Status
- Administration ended
- Administration began
- 2017-02-10
- Administrators' firm
- FRP Advisory
- Formerly
- Lion Publishing Public Limited Company; Aslan Publishing Services Public Limited Company
- Incorporated
- 1972-04-24
- Location
- London
- Industry
- 58110 Book publishing
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
The company was first incorporated on 24 April 1972 in the name of Aslan Publishing Services Limited (APSL) to publish books promoting the Christian faith.
In October 1975 APSL became a public company, Aslan Publishing Services Plc, with 90,330 of its initial 100,000 £1 share offering being taken up. The company’s shares were bought and sold on Ofex, the Stock Exchange “off-exchange” market.
At an extraordinary general meeting of the company held on 2 October 1981 a special resolution was passed changing the company’s name to Lion Publishing Plc.
Administrators' statement of proposals (2017-04-20) · Companies House register