Marketing Agencies Association Limited (03779878): administration
- Status
- Administration ended
- Administration began
- 2018-03-27
- Administrators
- James Alexander Snowdon, John Anthony Dickinson
- Administrators' firm
- MHA
- Formerly
- Marketing Communication Consultants Association Limited; Sales Promotion Consultants Association Limited
- Incorporated
- 1999-05-25
- Location
- London
- Industry
- 94120 Activities of professional membership organisations
Why it went into administration
- Sustained trading losses
- HMRC / tax arrears
- Weak consumer demand
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Weather / natural events
From the administrators' statement
The Company, originally known as the SPCA, was incorporated in 25 May 1999 as a trade body serving the marketing services industry, set up as a not-for-profit membership organisation. Prior to incorporation as a company, limited by guarantee with no share capital, it operated as a voluntary Trade Association for a number of years. At the date of incorporation, the organisation had 54 members, consisting solely of marketing agencies, paying annual subscription fees. The surplus from these activities was used as working capital for the newly incorporated limited company.
At no time did the organisation have any share capital, third party loans, bank overdraft, business development loans or Directors’ loans. The financial objective of the business was to
3.3.
Administrators' statement of proposals (2018-06-06) · Companies House register