When Highbury House Communications, the North London-based publisher of many well-known newsstand magazines, finally limped into administration in early 2006, it had total net debts of £29.5m. Much of this had been ratcheted up by overly ambitious executives who overvalued acquisitions including Paragon Communications and underestimated the potential costs involved in launching new media products. In its terminal stage, one-time Sun editor and media hard man Kelvin Mackenizie took over the helm, allegedly sinking some £1.5m of his own money into the company. But after three months he walked away, admitting defeat. It seemed that this business was a complete 'basket case'.
Provides support and skills to SMEs in London. Offers both prepaid hours and monthly contracts; 64% of clients are currently on rolling monthly contracts accounting for 47% of the company’s income.
LEASEHOLD
Provides fully managed technical support, installation services, IT security, hardware supply, hosted telephony, cloud solutions, design and planning. Serves commercial and corporate clients across a diverse range of sectors, including manufacturing,...
FREEHOLD
Supplies handcrafted patisserie products to professional kitchens across the UK. The product range includes, but is not limited to, afternoon tea; chocolate, fruit, warm and multi-portion desserts; appetisers and canapés; and cheesecakes. Has 790 cli...
LEASEHOLD
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