The Media Shop goes into administration

By Katherine Levy, campaignlive.co.uk, Thursday, 23 August 2012 10:40AM

The Media Shop has gone into administration, leaving more than 20 clients without an agency.

Florette: The Media Shop account moved to TCS Media

Florette: The Media Shop account moved to TCS Media

The London-based media planning and buying agency, which has combined billings of around £20 million, handles clients including Florette, Miele, Space NK, Fitness First, TM Lewin, Henkel and Ryman.

Chantrey Vellacott DFK was appointed as the administrator earlier this month. A spokesman for the accountancy firm said: "Times were hard and The Media Shop couldn't pay off all the debts that they had built up."

While the administrator works on trying to realise the assets of the company and return the best value to creditors, clients with campaigns that are currently live, including Florette and Miele, have been moved to TCS Media.

It is understood that the remaining 20-plus clients are not yet assigned to new shops.

The Media Shop was founded in 1979. In 2005, the managing partners, John Alligan, Sue Fernando-Solini, Richard Huglin and Melanie Levene, staged a management buyout of the agency.

The partners are currently acting as consultants for The Media Shop's clients.

This article was first published on campaignlive.co.uk

X

You must log in to use Clip & Save

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Additional Information

Campaign Jobs

  • Campaign Marketing Manager EMAP Competitive + Bonus, London (Greater) / London (East), London (Greater)
  • Exhibition Designers WRG Live Competitive salary and benefits package dependant upon experience, Manchester, Greater Manchester
  • Producer WRG Live Competitve salary and benefits package dependent upon experience, London (Central), London (Greater) / Manchester, Greater Manchester
  • Content Manager WRG Live Competitive salary and benefits package, Manchester, Greater Manchester
  • Senior Account Manager Source £35000 - £38000 per annum, London