A measly GBP 175,000 is all the administrators managed to get for the sale of assets from ASG Media PLC (nee Avanti screenmedia).
ASG Media PLC – Sale of Assets
RNS Number : 1344D ASG Media PLC 26 November 2009
26 November 2009
ASG Media plc
(“ASG” or the “Company”)
The Administrators of ASG Media plc confirm that on 4 November 2009 they sold the business and assets of the Group’s trading subsidiaries, ASL Media Limited and Freelance Media Limited to RAM Investment Group PLC for £155,000 excluding receivables and on 9 November, the Administrators sold certain other assets of ASG to RAM Investment Group PLC for a further £20,000.
The Administrators believe that there will be insufficient assets to meet the Company’s liabilities in full.