Ticktock Entertainment Limited (04052022): administration
- Status
- Administration ended
- Administration began
- 2012-03-22
- Formerly
- Ticktock Entertainments Limited
- Incorporated
- 2000-08-14
- Location
- Sutton
- Industry
- 7487
Why it went into administration
- Creditor pressure / legal action
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Parent or group failure
From the administrators' statement
The Company was incorporated (as Ticktock Entertainments Limited) in August 2000, but did not commence trading until early 2002 The Company specialised in the publishing of Children’s Non-Fictional Books predominantly aimed at children from pre-school to lower secondary school ages Mr John Twiggs has been the sole director of the Company since June 2004
Following their investment, the Company acquired 10 new individual shareholders At that time the Company's issued, called up and fully paid share capital increased to what it is currently and comprises of 107,059 ordinary shares of £1 each John Twiggs shareholding is circa 71% with the foregoing individual shareholders making up the balance of the share capital The trading name of the Company was “Wise Walrus”
The Company's sought to enter into contracts with relevant authors and illustrators to produce non-fictional titles Once completed, the copyright was held by the Company in perpetuity resulting in an extensive back-catalogue As a consequence of the expansion in business, Ticktock Entertainment Limited became the holding company for a group that comprised of the following subsidiaries
Administrators' statement of proposals (2012-04-11) · Companies House register