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Magazine distributor in administration • One of the country's largest

11th July 1996, Page 10
11th July 1996
Page 10
Page 10, 11th July 1996 — Magazine distributor in administration • One of the country's largest
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Which of the following most accurately describes the problem?

magazine distributors is this week fighting for its life after being put into administration.

The 180 employees of the Mortimer Group are watching the attempts of joint administrators Ron Robinson and Rick Traynor, of insolvency practitioners Ruchler Phillips Traynor, to keep the company trading. The Mortimer Group, which operates 110 vehicles from Four sites, could be sold as a going concern or the administrators could ask creditors to agree to applying for a company voluntary arrangement. The group has a turnover of El 2m and has customers including Reed Business Publishing, which publishes Commercial Motor.

The group's holding company, D Mortimer's Management Services, includes D Mortimer's Transport Services, D Mortimer's MAG Speed, D Mortimer's Distribution, D Mortimer's Print Services and D Mortimer's Commercial Vehicles Services.

Dennis Mortimer started his transport and haulage business in 1964 and the group was formed in 1982.

The joint administrators believe that the group's involvement in multi-screen advertising is a "significant cause of the group's difficulty".


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