Wed, 01 Dec 2010 | BUSINESS SALE
The largest marketing agency in Newcastle has gone into administration, just nine months after being bought by a US-based firm.
Robson Brown was bought by Los Angeles-based media company Round2 Communications earlier this year and put under the umbrella of Round2 International UK, alongside two other UK media companies.
Alongside the administration of Robson Brown, which has been trading for 25 years, both of the other companies, Attinger Jack Advertising Limited - based in Bath – and R2 Communications Limited in London, have also been placed into administration.
Robson Brown focuses on PR, design, TV, media planning and advertising and has a staff of 80, all of whom now face an uncertain future.
Zolfo Cooper has been appointed as administrator and hopes to sell Robson Brown as a going concern.
Kevin Coates, Zolfo Cooper director, said, “The group has suffered from recent cash flow pressures, which combined with recent poor trading performance and the economic climate has led to the need for today’s appointments.”
“We are examining all possible options for the future of these companies at present and will keep clients and suppliers informed,” he added.
Discover a lucrative opportunity to acquire a business with a diverse product portfolio serving multiple industries, including engineering, healthcare, and hospitality, with a client database of approximately 500 clients.
Opportunity to acquire a long-established retailer specialising in musical instruments and accessories located in the southeast.
LEASEHOLD
An opportunity has arisen to acquire a well-established forensic services provider operating across the UK, offering a comprehensive range of specialist services.
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.