BLTV Limited (08177384): administration
- Status
- Administration ended
- Administration began
- 2014-08-08
- Administrators' firm
- Kroll
- Incorporated
- 2012-08-13
- Location
- Birmingham
- Industry
- 60200 Television programming and broadcasting activities
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
In 2011 the UK Government announced plans to licence local digital television stations to broadcast in a number of locations around the UK
In August 2012, the Company submitted its application to seek the award of the L-DTPS licence for Birmingham through a competitive process being run by Ofcom On 6 November 2012, Ofcom awarded the Licence to the Company following that competitive process and the Licence was formally granted on 9 June 2014 and Is due to come into force on 3 November 2014
Following the award of the Licence, the Director and shareholders of the Company sought to obtain the necessary funding to acquire the infrastructure and operational capability to launch programming by the required date of 3 November 2014 A number of parties did express an interest in providing investment and funding to the Company over the period since the Licence was awarded but unfortunately none of these parties pursued their interest to completion
Administrators' statement of proposals (2014-10-03) · Companies House register