# Jack Media National Limited (09671444)

> Why UK company 09671444 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09671444

- **Status:** Administration ended
- **Administration began:** 2022-02-23
- **Administrators:** Daniel Leigh, David Rubin, Stephen Mark Katz
- **Administrators' firm:** Begbies Traynor
- **Formerly:** Jack Media Surrey Ltd
- **Incorporated:** 2015-07-06
- **Location:** London
- **Industry:** 60100 Radio broadcasting

## Why it went into administration

- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses

## From the administrators' statement

The Company was incorporated in July 2015 under the name “Jack Media Surrey Limited” and operated under licenced from premises in Eynsham, Oxfordshire and changed its name to “Jack Media National Limited” in February 2019.

The Company operated as a national DAB radio station under the brand “Union JACK’ as well as other stations “Union JACK Rock’ and “Union JACK Dance”. The Company historically broadcast across its stations with a focus on playing “the best of British music”, with every song played being voted for by listeners. The Company also specialised in the broadcast of weekly comedy shows, with a combination of stand up, satirical and improvised comedy offerings. The Company has been loss-making since it commenced trading. Cash flow requirements have historically been supported by director loans, with Anthony Timson in particular providing in excess of £9m worth of funding since the Company's incorporation in order to support the business whilst it continued to grow. Mr Timson had provided ongoing long-term support, investing his personal savings into the business with a defined strategy for ongoing support. However, with the onset of the global Covid-19 pandemic, following a review, Mr Timson found himself unable to continue providing funding to support the Company's trading losses, and as such the Company has recently found itself in financial difficulty. The Directors immediately sought to …

The Company has been incurring monthly charges of c.£30,000 for each of the three contracts which it held for the broadcast of radio services on the Sound Digital Limited national DAB multiplex platform (‘the DAB+ licences”), which are required to operate its channels on the DAB multiplex platform. Due to the Company's precarious financial position, the arrears owed to Arqiva, who operate the DAB multiplex platform, in respect of the three licences had increased to ¢ £554,000.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09671444/filing-history/MzMzNjMwNDk2OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09671444

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