Mon, 28 Nov 2011 | ADMINISTRATION
Global Events LLP, the concert organising company that staged last month's Michael Jackson memorial concert in Cardiff, is undergoing a comprehensive business review, after entering administration.
The Bristol-based company is in the hands of administrators from insolvency practitioners RSM Tenon, having only been set up in March by film producers Michael Henry and Chris Hunt.
Despite drawing 50,000 fans to Cardiff's Millennium Stadium, to see performances from global stars including Beyonce, Christina Aguilera and Smokey Robinson, the concert was beset by difficulties in the organising process.
Several members of Jackson's family boycotted the gig, stating that they felt it was very ill-timed, as it was taking place in the middle of the criminal trial of Dr Conrad Murray, Jackson's doctor, who has since been convicted of involuntary manslaughter of the singer.
A spokesman for the famed Cardiff stadium said that they were not owed any money by Global Events, which had paid up in full for the event when it was booked.
A spokesman for Mr Henry, who also heads up the film financing company, Limelight Film Finance, told the media on the weekend, "All enquiries about Global Events should be made to the administrators."
It is understood that the business review being carried out by the administrators will look to see how much of the business can be sold on.
Utilises a large fleet of articulated units and trailers to provide transportation and delivery services depot-to-depot via fully loaded trailers. Provides its comprehensive service offering for several blue-chip organisations. Receives a high volume...
This independently run Heating Engineers delivers a variety of services to a wide range of clients in its local area.
Established over 15 years this care provider has become very well known in the local area for the high quality of care and companionship they provide to their clients.
02
|
May
|
Two country hotels sold following confidential marketing process | COMMERCIAL PROPERTY
Two country hotels in the South East of England have been so...
02
|
May
|
Two South East accountancy firms agree to merge | MERGER
Two accountancy firms based in the South East have announced...
02
|
May
|
Legal services group completes eighth acquisition | BUSINESS SALE
Acquisitive legal services group Lawfront has completed a de...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.