Oak FM Limited (03380201): administration
- Status
- Administration ended
- Administration began
- 2016-11-08
- Administrators
- Gareth David Rusling, Ashleigh William Fletcher
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1997-05-28
- Location
- Sheffield
- Industry
- 60100 Radio broadcasting
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated in May 1997 however was subject to a share sale on 31 July 2015 At this time, the Company's shares were sold from Quidem Midlands Limited to A TR Media Limited (‘ATR’), the Company's current parent company
At the time of the sale, 31 July 2015, the Company's current directors, Mr Tarpey and Mr Caplin became involved in the business The Company was already trading as a radio station and upon the date of or appointment traded from leased premises located at 3 Martins Court, Telford Way, Stephensons Industnal Estate, Coalville, Leicestershire
We understand from the Company's directors that as at the date of the share sale, the Company was operating at a slight loss however, having discussed the reasons for this with the radio station team, they believed that the station could be turned around ff the show became more interactive and became live
Administrators' statement of proposals (2016-11-24) · Companies House register