RUN Wild Media Limited (05344412): administration
- Status
- Administration ended
- Administration began
- 2018-05-09
- Administrators
- Philip Lewis Armstrong, Philip James Watkins
- Administrators' firm
- FRP Advisory
- Incorporated
- 2005-01-27
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Brexit
- Funding withdrawn / unable to refinance
- Weak consumer demand
From the administrators' statement
The Company was incorporated on 27 January 2005 and commenced trading three months later. The Company specialised in publishing magazines, targeting high end clients in various locations throughout London. Its main source of revenue derived from the advertising of luxury products and high end real estate. The Company started with two directors and two employees.
The Company grew significantly year on year with turnover increasing from £250k in year one to £750k in year two. RWML saw further growth to £1.5m in year three. At this time staff numbers had risen to 25 employees and three directors.
By 2008 the Company’s turnover had increased to £3m with a net profit of £500k, the majority of which was reinvested back into the Company. By this time, staff numbers had increased to 50 employees and there were three directors.
Administrators' statement of proposals (2018-07-11) · Companies House register