MCR appointed Administrators to UK magazine distributor Magazine Marketing Company Limited

MCR appointed Administrators to UK magazine distributor Magazine Marketing Company Limited

UK distributor of over 400 specialist print titles

Sallyanne Pitt and Paul Clark of MCR were appointed Joint Administrators of Magazine Marketing Company Limited ("MMC"), on 21 May 2010.

MMC was founded in 1988 and was the UK's largest independent newstrade distributor representing over 135 clients and 400 magazines and collectables.

MMC's direct customers were wholesalers, which in the UK comprised of Smith News and Menzies Distribution as well as a number in the independent sector. MMC also exported titles worldwide through export agents.

The company also worked on behalf of its clients representing their titles to retail groups to promote sales and to agree which titles the retail groups will sell. MMC's sales drive to retailers was subdivided into supermarkets, the high street (WH Smith Retail and Martin McColl Retail), CTN groups (Star News, GT News, Eastcliffe), convenience groups (One Stop, Co-op, Spar), travel points (WH Smith, Alpha etc) and independent newsagents.

The company had also built up a reputation in the export business, with over 77 agents in 58 countries.

Sallyanne Pitt, Partner, MCR, stated: "MMC had a long history of distributing well known magazine titles and collectables to the newstrade. It is extremely unfortunate that the Company has had to be placed into Administration. The Company is not continuing to trade. Parties that have an interest in acquiring any of the Company's assets should contact us without delay."

About MCR

MCR was formed in April 2001 to offer turnaround, restructuring and insolvency services of outstanding quality to banks, lenders, business owners and individuals in the mid-market sector. It aims to provide the most practicable ways to resolve issues affecting business performance.

The firm has 12 partners who practice an ethos of high-level involvement to ensure that each assignment capitalises upon the expertise and knowledge of the whole team.

MCR regularly handles significant projects across a range of sectors and has been involved in a number of high profile cases. MCR is increasingly being asked to restructure businesses and find turnaround solutions to help companies avoid formal insolvency. Sectors include property, retail, financial services, manufacturing, printing, recruitment, hotels, leisure, automotive, telecommunications, music, entertainment and construction.

For more information, www.mcr.uk.com

For further information, please contact

Richard Merrin
Spreckley Partners Limited

T: 0207 388 9988
E: merrin@spreckley.co.uk