Highbury House, the magazine publisher, has been dragged into administration
with debts in excess of £40m.
The publisher, in which former Sun editor Kelvin MacKenzie owns a
20% stake, has been touted as a potential target for Remnant Media, The
Daily Telegraph reports.
Administrator Ernst & Young has already split the sale of Highbury’s IT
magazines between Imagine publishing (for an estimated £7m) and Highbury Nexus
(for about £1m).
Remnant is a possible buyer of the beleaguered group’s remaining titles.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children