CAM Realisations 2023 Limited (SC275417): administration
- Status
- Administration ended
- Administration began
- 2023-07-26
- Administrators
- Danny Dartnaill, Neville Side
- Administrators' firm
- FRP Advisory
- Formerly
- City A.M. Limited; Dunwilco (1192) Limited
- Incorporated
- 2004-11-01
- Location
- Glasgow
- Industry
- 58130 Publishing of newspapers
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 1 November 2004.
It was the well-known publisher of a daily print newspaper, titled City AM, which is available, free of charge, at more than 400 commuter hubs within the Greater London area and the home counties, as well as London City Airport and over 500 offices throughout the City, Canary Wharf and other areas of high business concentration in London.
The Company also had a web-based newspaper offering, Cityam.com, which has around 3 million unique visitors per month.
Administrators' statement of proposals (2023-08-21) · Companies House register