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Simon Thomas and Robert Pick of Moorfields Corporate Recovery LLP have been appointed Joint Administrators over the well known TNT magazine aimed at people travelling to the UK. The magazine specialises in producing a free monthly publication and events schedule for Australian, New Zealand and South African nationals living, working and travelling in the UK. The business also recently established a similar operation in Australia aimed at British travellers. The magazine had been struggling for several years as a result of reduced marketing expenditure and job advertisements and in 2010, the principal shareholder completed a substantial debt for equity swap. Following an extensive marketing campaign, the Administrators completed a pre pack sale, securing the continued employment of staff and allowing continued trade of the well regarded magazine. Robert Pick, Partner, “Over the past 10 years there has been a huge increase in the number of free magazines/newspapers and increasingly in 2009- 2011 the number of digital magazines/newspapers. The economic downturn has and will continue to place huge amount of pressure on this already competitive industry as many companies reduce their marketing expenditure whilst the power of online social networking sites mean many marketers are looking at alternative advertising methods” Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists.

Simon Thomas and Robert Pick of Moorfields Corporate Recovery LLP have been appointed Joint Administrators over two Leeds based businesses Met Surveys Limited and Met Consulting Engineers Limited. Met Surveys Limited and Met Consulting Engineers Limited provided land/building surveys and engineering consultancy including design, environmental reports and geotechnical investigations to clients in both the public and private sectors. In 2009 the businesses faced a downturn in trade as a result of the construction industry being hit hard by the economic climate. In a pre pack deal, the Administrators, advised by Cobbetts LLP, sold the assets of both companies to Southgate House Limited, allowing continued trade for customers and securing the employment of the staff of Met Surveys Ltd and Met Consulting Engineers Ltd. The new companies and staff will operate alongside Met Geo Environmental Ltd from existing premises at Southgate House under the direction of Neil Harvey, Chris Jones, Ian Lang and Andy King. Dianne Turner, Director, Moorfields Corporate Recovery LLP “The construction industry has been hit particularly hard by the recession. We are very pleased to have completed a sale of both companies’ business and assets thereby safeguarding employment in the area, at this time of increasing unemployment”. Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists.

Simon Thomas and Robert Pick of Moorfields Corporate Recovery LLP were appointed administrators of Hayters Teamwork Limited following a winding-up petition issued by HM Revenue and Customs. The Hayters Teamwork brand was established over 50 years ago providing a complete multi-media solution for newspapers, magazines, TV, radio and online. Hayters’ content appears daily on the back of national newspapers, sports TV channels such as Sky and the BBC, and online with FA.com and UEFA.com Advice from Moorfields enabled the directors to make an in court administration application allowing the business to be rescued and sold as going concern. This has saved a number of jobs and preserved the value of a prestigious brand. If you would like further details on the Hayters administration please contact Arron Kendall on 0207 186 1145 Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists.

A buyer is being sought for Cotswolds-based hotels, The Grapevine and The Royalist, after their parent company, The Concept Hotel Group fell into administration.

Moorfields Corporate Recovery has expanded its specialist service offering with the appointment of new partner Robert Pick, at their London Office. Previously Robert was Corporate Recovery partner at top 5 accountancy firm Grant Thornton where he acted as administrator, receiver, liquidator and trustee as well as heading a courtwork centre specialising in advising individuals and partnerships with financial difficulties.