Moorfields appointed Administrators over leading Nationwide Publisher

Simon Thomas and Shelley Bullman of leading restructuring and insolvency firm, Moorfields Corporate Recovery LLP, have been appointed administrators over TNT Multimedia Limited.

TNT Multimedia is a publisher of free titles aimed at international travellers planning to stay in the UK, focusing on jobs, accommodation, entertainment, events and tips on living in the UK.  Additionally the publisher has an interactive website “TNTMagazine.com” with over 165 travel guides and the ability for users to contribute content.

The brand was established in 1963 and has over 200,000 subscribers but unfortunately encountered cash flow difficulties resulting in administrators being appointed. 

Moorfields Corporate Recovery will be looking to sell the business and is inviting interested parties to express an interest by Wednesday 11th September 2013.

Interested Parties should contact Moorfields Corporate Recovery on ewood@moorfieldscr.com or 0207 186 1144.

Simon Thomas, Joint Administrator at Moorfields “It is unfortunate to see the publishing industry suffer but similar to other sectors social media and the internet are now taking centre stage and publishers are looking at new avenues to reach their target audience.  TNT Multimedia has a strong brand recognised amongst the international market and provides a good opportunity for innovative publishers .”

If you require any further information, please contact Moorfields Corporate Recovery by email to ewood@moorfieldscr.com or 0207 186 1144.

 

For media enquiries, please contact:

Katie Smith
Tel: +44 (0) 20 7186 1143
Email: ksmith@moorfieldscr.com

 

About Moorfields

Moorfields is one of the UK's leading independent firms of restructuring and insolvency specialists. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations

 

Moorfields Corporate Recovery is proud to have been awarded Corporate Recovery Firm of the year at the Insolvency and Rescue Awards 2012

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