# Media Square PLC (04006884)

> Why UK company 04006884 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04006884

- **Status:** Administration ended
- **Administration began:** 2011-12-08
- **Administrators:** Zelf Hussain, Robert Jonathan Hunt
- **Administrators' firm:** PwC
- **Formerly:** Wemedia PLC
- **Incorporated:** 2000-06-02
- **Location:** Leeds
- **Industry:** 7487

## Why it went into administration

- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Sustained trading losses

## From the administrators' statement

The Company was incorporated in 2000 and acted as a non trading holding company of a leading marketing communications group with focused expertise in advertising, design, marketing, public relations and research

The Company's purpose was to provide a structure whereby finance raised at Company level would be made available to the group operating subsidiaries. As such, the Company's main assets were shares in the subsidiaries and intercompany loan receivables. The Company acted as guarantor of the group's borrowings, which were also secured over the assets of the group as a whole

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04006884/filing-history/MzA1MjEwMzQwM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04006884

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.