BusinessBusiness RecoveryKPMG finds a new home for Butt-Uglies

KPMG finds a new home for Butt-Uglies

Adminstrator KPMG has secured the sale of the business and assets of collapsed children's magazine company, Just Group Plc - creators of cartoon characters the Butt-Ugly martians and the Rugrats.

Corporate recovery partner Allan Graham, joint administrator for Just Group PLC, yesterday announced the sale of the business and assets of subsidiaries Just Publishing Ltd and Newsstand Publications Ltd, to Toontastic Publishing Ltd.

Graham, who along with Mick McLoughlin, was appointed joint administrator on 9 January this year, said: ‘We are delighted to have achieved the sale to Toontastic and preserved 18 jobs in the process.

‘Negotiations continue as to the sale of the other companies in the Just Group.’

The plug was pulled on the AIM-listed company after the failure of a last ditch fund-raising exercise following the suspension of its shares in November last year.

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

3m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

4m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

4m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

4m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

5m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

5m Emma Smith, Managing Editor