Songlines Publishing Limited (04358063): administration
- Status
- Administration ended
- Administration began
- 2015-02-06
- Administrators
- John Anthony Dickinson, Melissa Jackson
- Administrators' firm
- Grant Thornton
- Incorporated
- 2002-01-22
- Location
- London
- Industry
- 58190 Other publishing activities
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
From being incorporated in 1999 and then relaunched in 2002, Songlines world folk and roots music consumer magazine had been through a number of transitions to arrive at its current format and reputation after 106 issues
The Company and magazine successfully managed the transition from solely print based media to print, digital and tablet editions, including for iPad and Kindle The magazine had also generated a number of complimentary brand extensions and variety of alternative income sources, including, music awards, music travel, CD sales, concert promotions and the Encounters music festival Partnerships with Amazon, iTunes, Spotify, British Airways, Microsoft, Glastonbury and WOMAD were aiso established during this pertod
Subscriber levels also increased during this period and at the date of administration, the worldwide subscriber base was well in excess of 5,000, with 25% being overseas with around a 20,000 international readership base per issue In addition the digital and podcast customer base increased, with average advertising revenues being received tn the region of £27,000 for each of the eight annual issues
Administrators' statement of proposals (2015-03-06) · Companies House register