Posted 18th Apr 2018

State of Utopia: Media 10 buys publishing house assets from administrators

By KBBDaily on 18th April 2018 - 09:03am
Money Matters

Certain assets of Earls Colne-based Pro Publishing Media & Events Ltd (Pro Publishing) have been acquired from administrators by exhibition company Media 10 in a pre-pack sale on the 10th April.

Lee De’ath and Richard Toone of CVR Global were appointed as administrators on the 9th April according to the London Gazette. A further winding-up order against Pro Publishing Media & Events Ltd from HM Revenue & Customs is due to be heard later this month.

Utopia Magazine – which has estimated average sales of 900 copies nationally per issue – will continue to be published by its new owner, with the former Pro Publishing management still heading up operations from its Earls Colne base.

Having previously gone into administration in 2011 – under the company name PP Realisations (Colchester) Ltd – the administrators are not yet believed to be in a position to state if anything will now be left for trade creditors of Pro Publishing.

Clara Perry, founder of Pro Publishing and reportedly now in a new management role at Media 10, commented: “This is a really exciting time. I can’t wait to get going.”

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