# Conexion Media Group PLC (04125263)

> Why UK company 04125263 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04125263

- **Status:** Administration ended
- **Administration began:** 2016-02-01
- **Administrators:** Stephen Goderski, Peter Hart
- **Administrators' firm:** PKF
- **Formerly:** Music Copyright Solutions PLC
- **Incorporated:** 2000-12-11
- **Location:** London
- **Industry:** 59200 Sound recording and music publishing activities

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

Appendix C shows the Company's financial statements for the years ended 31 December 2014, 31 December 2013 and 31 December 2012

In the months leading up to the Administration the Groups financial position become untenable and cashflow difficulties were preventing payments to key creditors The Company's secured creditor, Polymer, was becoming concerned with the Company’s financial performance and the management team were attempting to negotiate repayment plans with numerous customers in order to prevent recovery action being taken against the Company

In order to generate working capital the Board began fo explore the prospect of disposing of certain of the Company's owned music right portfolios Through discussions with industry contacts, the directors managed to obtain a number of indicative offers for certain of the Company's owned music rights

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04125263/filing-history/MzE0NTcxNDg4MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04125263

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