# Parity Media Limited (07071775)

> Why UK company 07071775 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07071775

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07071775/filing-history/MzE2NjIzNDM3NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07071775

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