M Books Admin Limited (01345171): administration
- Status
- Administration ended
- Administration began
- 2012-04-11
- Administrators
- Malcolm Peter Fillmore
- Administrators' firm
- BM Advisory (South)
- Formerly
- Midsummer Books Limited
- Incorporated
- 1977-12-21
- Location
- Crawley
- Industry
- 2211
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
Midsummer ts the parent company of Aerospace Publishing Limited (‘Aerospace’), Maybeam Limited (‘Maybeam’) and Bright Star Publishing Limited (‘Bright Star’) (collectively “the Group”) For 30 years, the Group has created and published partwork publications, primarily for aviation enthusiasts but it also expanded into a range of other partworks for distribution both by subscmption and io the retail trade Midsummer ts owned by Stan Morse (80%) and Patricia Palmer, a working director (20%)
In support of Group trading, the principal asset 1s 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
The publishing rights, archives and goodwill of the Group are owned either by Midsummer, Aerospace or Bright Star Maybeam is now a dormant company but does have some residual obligations +While the Group used to be a publisher in tts own right and a provider of artwork and material to third party publishers, the latter had become the predominant trade, particularly involving overseas publishers Latterly, Midsummer employed all the staff for the Group and incurred most of the overheads, which were then recharged to the operating companies, currently Aerospace and Bright Star
Administrators' statement of proposals (2012-05-29) · Companies House register