Insight Publishers Limited (07264186): administration
- Status
- Administration ended
- Administration began
- 2019-06-21
- Administrators
- Andrew Howard Beckingham, Siann Huntley
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2010-05-25
- Location
- Bristol
- Industry
- 58141 Publishing of learned journals
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Brexit
- Competition / price pressure
From the administrators' statement
The Company was incorporated and began trading on 25 May 2010 as a publishing and media business that worked predominantly within the European research community, providing expert dissemination and communication services to European and nationally funded research projects. The business was formed as part of a management buyout of a science publication from a former employer and was initially financed by a release from one of the directors’ pension funds.
The Company became the sole publisher of a publication known as the “Projects Magazine’, which was published on a bi-monthly basis and distributed across Europe in print and digital format to allow researchers, universities, science parks and industry involved in science and innovation to target audiences outside of the direct academic fields within which they operate. This was a free to receive publication, with the various academic clients paying the Company for expert writing, design and delivery services which provided the Company with a heaithy revenue stream. However, as time went on, the market began to change and other competitor publications began to emerge that claimed to offer the same services at lower prices but ultimately were not able to deliver on these promises. However, this had a damaging effect on the free to receive, pay to publish model in the research field such that the Company had to adjust its business operations.
3.3
Administrators' statement of proposals (2019-08-12) · Companies House register