Parity Media Limited (07071775): administration
- Status
- Administration ended
- Administration began
- 2016-12-16
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2009-11-10
- Location
- Sheffield
- Industry
- 58142 Publishing of consumer and business journals and periodicals
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
The Company was formed in 2009 by Andrew Palmer and Mark Palmer and commenced trading in February 2010 as a publisher of professional trade magazines
The Company's principal publications, Finance Monthly and Lawyer Monthly, were published monthly together with a number as specialised annual award titles Revenue was derved from selling advertising space within the magazines, predominantly to professional firms operating in the legal and financial sectors
The Company expanded quickly following ¢s incorporation and took on larger premises to accommodate an increased workforce Increased rental costs and recruitment fees began to cause cashflows difficulties which were compounded when the Company switched t publication dates and its advertising revenue was delayed
Administrators' statement of proposals (2017-01-09) · Companies House register