Metropolis Group Limited (01870796): administration
- Status
- Administration ended
- Administration began
- 2013-05-31
- Administrators' firm
- MHA
- Formerly
- Metropolis Studios Limited; Civis Limited
- Incorporated
- 1984-12-11
- Location
- London
- Industry
- 59200 Sound recording and music publishing activities
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Property / lease costs
- Sustained trading losses
From the administrators' statement
Metropolis Group Limited was incorporated on 11 December 1984 and operated from trading premises in Chiswick, West London The Company traded in the media industry from a converted tram power station known as The Power House providing sound recording facilities and music publishing and associated services for global blue chip and independent media production companies and musicians
The Company was acquired by new owners in late 2011, when it was purchased by Metropolis London Music Limited and entered into a sale and leaseback of The Power House property which meant that it was able to clear all debt and borrowings outstanding at the date of acquisition
The Company has built a strong reputation in the media industry and ts well regarded by customers according to its directors Its client list includes well known media companies
Administrators' statement of proposals (2013-07-31) · Companies House register