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.
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.Follow @KatherinePLevy
This article was first published on campaignlive.co.uk
- Senior Partnerships Executive - top UK food titles! Yummy! Ultimate Asset £35000 - £40000 per annum + bonus, Hammersmith and Fulham
- Digital Marketing Exec (PPC/Paid Social/Display) - £27k-£28K - Salt £27000 - £28000 per annum, London
- Senior Sales Manager - Leading digital sales company! Ultimate Asset £40000 - £50000 per annum + Commission, City of London
- Sales Coordinator - Cutting edge, fun brand! Ultimate Asset £35000 - £45000 per annum + bonus!, City of London
- Midweight Designer Blue Skies Marketing Recruitment Up to £30K, London
- Will.i.am clashes with Martin Sorrell over online ads in Cannes
- UK agencies win 7 Media Lions
- Twitter to embrace power of TV in UK ad campaign
- Martin Sorrell on the mega-media reviews: 'We can't remember anything like this'
- Aston Martin appoints WPP to global marketing account
- Black horse returns in new Lloyds Bank campaign