Pri-Med Global PLC (10583811): administration
- Status
- Administration ended
- Administration began
- 2018-06-29
- Administrators
- Joanne K Rolls, Trevor John Binyon
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2017-01-25
- Location
- London
- Industry
- 82301 Activities of exhibition and fair organisers
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
Trevor John Binyon (‘TJB’) was introduced to the director of the Company, Dawn Barclay-Ross (‘the Director’), on 18 May 2018 by Emma Eckersley of Caspian Finance to provide advice on the Company's financial position and to discuss the restructuring insolvency options available, given that the Director had serious concerns over the future of the business and its ability to prepare and stage the Future Healthcare 2019 Exhibition & Conference 2019, to be held at Olympia.
The following points were raised by the Director;
• The 2018 exhibition had suffered a forecast loss of c£180k and the 40% shareholder (‘the Shareholder’) had so far refused to fund their share of the losses;
Administrators' statement of proposals (2018-08-16) · Companies House register