Global Live Events LLP (OC363200): administration
- Status
- Administration ended
- Administration began
- 2011-11-17
- Administrators' firm
- RSM
- Incorporated
- 2011-03-29
- Location
- Sutton
Why it went into administration
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The LLP was incorporated on 29 March 2011 as a Limited Liability Partnership The LLP had its registered office in Bristol The Partnership was incorporated in order to facilitate the organisation, promotion and hosting of the Michael Forever, The Tribute Concert (“the Concert”) The Concert was held on 8 October 2011 at the Millennium Stadium in Cardiff
The Concert staged a number of guest artists singing two Michael Jackson songs each by way of tribute Additionally the concert included dance and entertainment acts, including the guest appearance of Michael Jackson's three children and other family members
The Concert was to be funded by third party investors/members who were required to inject cash of approximately £4 5 million to cover the Concert costs, which were estimated at circa $15,000,000 The intention was to maximise profits from future royalty rights, which were estimated at circa £40,000,000
Administrators' statement of proposals (2012-01-16) · Companies House register