# JOE Media Limited (09482119)

> Why UK company 09482119 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09482119

- **Status:** Administration ended
- **Administration began:** 2020-05-18
- **Administrators:** Ian Leonard, Stuart Irwin
- **Administrators' firm:** KPMG
- **Formerly:** Maximum Media Network Limited
- **Incorporated:** 2015-03-10
- **Location:** Liverpool
- **Industry:** 73120 Media representation services

## Why it went into administration

- COVID-19
- Loss of a key customer, supplier or contract

## From the administrators' statement

The Company trades as Joe.co.uk, an online newspaper with a significant social media presence featuring videos and news articles on sport, technology, fitness, and other topics of interest to their target demographic. It has strong operational links to Maximum _° Media, which trades as Joe.ie and a number of other brands in Ireland.

As.a new entity with high start-up costs, the Company made losses i in its early years Sof trading as it built up its follower and customer base. The levels of losses had significantly reduced in 2019 and the company envisaged a period of profit and growth in 2020.

‘In ‘March 2020 however, all sporting events were halted due to COVID-19. Simultaneously, many of the Group’s main clients paused promotional spending. The majority of the Company's revenue is not tied into long- -term contracts and, as a result, turnover was‘negatively impacted.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09482119/filing-history/MzI3MjkxMTAwNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09482119

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