Laser Broadcasting sells its radio stations

Wed, 29 Oct 2008

Begbies Traynor has sold five of Laser Broadcasting's nine local radio stations after the company was put into administration recently.

Property developer John Roberts, who is also the owner of Exeter-based South West Radio Ltd, has bought Laser Broadcasting South West Ltd, which owned Bath FM, Brunel FM, 3TR in Warminster, QuayWest in Bridgewater and QuayWest in Minehead.

The remaining stations are Sunshine 106.2FM, Sunshine Gold and Sunshine Radio 954, based in the West Midlands and Monmouthshire and Fresh Radio in the Yorkshire Dales. The sale status of these stations has not been made clear.

Laser went into administration after facing a winding-up order from a creditor.

The radio group was established in 2002. Its founders include Nigel Reeve, the launch sales and marketing director of Classic FM and Nick Jordan, a media sales executive, who previously worked at Invicta Radio.

Interestingly, Triple Media Communications, a Bristol-based broadcast development company is still willing to buy Bath FM, even though it has already been taken up. The company wanted to buy the station on its own and not the whole package of five loss-making stations.

Subscribe today to read and search all our news, premium articles, business sale listings and buy/sell resources.

Latest Businesses for Sale

Printers/ Stationers - Andover, Hants

Asking Price: 
Turnover:  £640,000

Digital printing specialists, commercial and retail stationers, lithographic printing and various ancilliary services. Freehold retail shop and long leased factory unit. Sale price includes all equipment and properties. NP £80k...

Mining Exploration - UK

Asking Price: £1,900,000
Location: UK Wide

This leading highly profitable, UK based manufacturer of exploration, drilling and sampling equipment, supplies to the world minerals/earth sampling markets, the highest quality of earth drilling, boring, core sampling and in-situ ground testing equipment. The company has an enviable reputation for ..

Hotel Accommodation - Folkestone

Asking Price: 
Turnover:  £500,000
Location: South East

Three Victorian houses joined together to form a luxury 8,500 sq. ft. facility. Includes reception, two lounges, four dining rooms, 16 en-suite bedrooms, music room, two kitchens, conservatory, bar, sauna, hot tub and more...

View More Businesses for Sale >>