Aviation Business Media Limited (07848168): administration
- Status
- Administration ended
- Administration began
- 2015-05-08
- Administrators
- Simon Franklin Plant, Daniel Plant
- Administrators' firm
- SFP Restructuring
- Incorporated
- 2011-11-15
- Location
- Marsh Wall
- Industry
- 58142 Publishing of consumer and business journals and periodicals
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
From the administrators' statement
itis understood that Mr Lee was appointed as director of IML in 2005, which had commenced trading tn 1995 as a provider of publications and events in the aviation industry
Mr Lee has explained that in 2011, IML sold off parts of its business Accordingly, Mr Lee formed the Company in order to purchase IML’s contract publishing and events
The Company initially traded from premises in Twickenham and in tts first year of trading, generated turnover of circa £1,000,000
Administrators' statement of proposals (2015-06-23) · Companies House register