BusinessBusiness RecoveryLaser Radio may be on the brink of administration

Laser Radio may be on the brink of administration

Directors understood to have applied to the courts to enter administration in the wake of a compulsory wind-up petition being lodged by creditors

Local radio group Laser Broadcasting is preparing to enter administration.

The troubled company faced a compulsory wind-up petition from one of its
creditors last week and then applied to courts itself to be put into
administration before the compulsory order could be heard, the
Guardian
reported.

The winding-up petition was brought last week by the Gateshead-based venture
capitalist Capital North East No1 Limited Partnership.

Laser Broadcasting, via subsidiaries, holds nine commercial radio licences.
They are Bath FM, Brunel FM, three Sunshine-branded stations in Ludlow, Hereford
& Worcester and Hereford/Monmouth, two Quay West stations in west Somerset
and Bridgwater, 3TR in Warminster, and Fresh Radio in the Yorkshire Dales.

Laser’s administration application will be heard in the high court in Leeds
this Friday.

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