Archive for 2011

Published 14th Dec 2011, 09:08

Sector share prices: December 2011

The demise of Media Square and big falls in the share prices of Chime Communications, Creston, Hasgrove and Huntsworth contributed to a further sharp decline in the sector's share price index in... Read more
Published 13th Dec 2011, 18:34

Administrators confirm plan to wind up Media Square

The administrators of Media Square have confirmed that, following the sale of the group’s businesses to MSQ Partners, they intend to arrange for the company to be dissolved “as... Read more
Published 13th Dec 2011, 07:53

Media Square MBO “in breach of duty to shareholders”

The board of insolvent Media Square has been accused of breaching its fiduciary duties to its shareholders by Bob Morton whose company Hawk Investment Holdings held a substantial stake in the failed... Read more
Published 12th Dec 2011, 15:28

Should Media Square managers have been allowed to buy it?

The question of whether the management team of an insolvent company should be permitted to mount a buyout is as important as it is complex, especially in the case of a publicly owned company. At... Read more
Published 12th Dec 2011, 09:21

Jeremy Philips to leave Photon Group

Jeremy Philips, the man brought into Photon Group as chief executive last year to restore it to commercial health, has announced his intention to resign although no departure date has been... Read more
Published 11th Dec 2011, 10:23

Loewy’s private equity backers now have 28% stake in its rescuer

The two US private equity investors that lost substantial amounts by investing in the design business Loewy Group now hold a 28% shareholding between them in the company that rescued it. Writtle... Read more
Published 10th Dec 2011, 20:42

MSQ paid £11m for Media Square businesses

The administrators of Media Square have confirmed to Marketing Services Financial Intelligence that the acquiring company MSQ Partners has paid £11 million for the businesses it has acquired and has... Read more
Published 8th Dec 2011, 17:40

Media Square management buys back group from administrators

In a development that may raise eyebrows among some of the group’s creditors and shareholders, the chief executive of insolvent Media Square has lead a management buyout of the group in the name of... Read more
Published 8th Dec 2011, 08:51

Media Square share trading suspended: bank refuses further support

Media Square, the AIM listed group that has been under financial pressure for a considerable period of time, has failed to gain support for an extension of its bank facilities to accommodate future... Read more
Published 7th Dec 2011, 10:05

Staff exit prompts disposal of Adventis media business

The exit of two key staff from AIM listed Adventis Group's media subsidiary Adventis Coltman has prompted the group to dispose of the business for £75,000 to a company partly owned by Louise Howse,... Read more