AP Admin Limited (01342215): administration
- Status
- Administration ended
- Administration began
- 2013-10-07
- Formerly
- Aerospace Publishing Limited
- Incorporated
- 1977-12-05
- Location
- Crawley
- Industry
- 58142 Publishing of consumer and business journals and periodicals
From the administrators' statement
Aerospace Publishing Limited (Aerospace’), Maybeam Limited (‘Maybeam’) and Bnght Star Publishing Limited (‘Bnght Star’) are subsidiaries of Midsummer Books Ltmited (‘Midsummer’) (collectively “the Group”) For 30 years, the Group created and published partwork publications, primanily for aviation enthusiasts but tt also expanded into a range of other partworks for distnbution both by subscnption and to the retail trade
On 11 Apnl 2012, Malcolm Fillmore and Ms Ranjit Bayon were appointed Joint Administrators of Midsummer Books Limited They were subsequently appointed Joint Administrators of Bnght Star Publishing on 10 May 2012 Both Midsummer and Bnght Star entered Administration due to increasing arrears to HM Revenue and Customs who threatened winding up proceedings on several occasions The appointment to Aerospace was held over at the request of Mr Morse, major creditor of the Group and guarantor of the Bank debt, but was under the control of the Joint Administrators of Midsummer as sole shareholder of Aerospace
The Group’s principal asset ts the digital and physical archive of aircraft, artworks, photographs, text and reference materials The bespoke digital database known as Pegasus contains 211,000 artworks and photographs together with a vast amount of text There are also numerous physical artworks and photographs that have not yet been scanned into the digital database itis understood that the various publishing nights and goodwill are owned collectively by the Group but it is accepted that Aerospace owns the majority
Administrators' statement of proposals (2013-12-06) · Companies House register