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Eddisons Plays Supporting Role in Entertainment Administrations

Written by: Richard Roe on Monday 11/11/2013

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The London office of national firm of chartered surveyors Eddisons is providing valuation and disposal advice to two administrators and a liquidator of three companies in the entertainment industry.

Of these, the biggest is AudioGO (previously part of the BBC Audio Books subsidiary), which fell into administration at the end of October. Eddisons has been appointed by administrators BDO to advise on the valuation and disposal of the publisher’s tangible assets, which comprise five voiceover studios, a design studio and full administration facility, and a warehouse facility, all of which are located in Bath. The company also has a freehold property housing its duplication and print facility in Hengoed, South Wales. Discussions with interested parties are ongoing.

Eddisons, on behalf of the liquidators David Rubin & Partners, has completed the sale of the business and assets of Screenface, a long-established theatrical and movie make-up specialist. Following close interest from four parties, Eddisons eventually sold the business to Charles Fox, which provides professional make-up for film, theatre, TV and fashion. The sale, for an undisclosed sum, included trademarks for EU, USA and China jurisdictions.

Eddisons is also advising the administrators PCR on the sale of independent television production company Splash Media. The company, which has a post production facility in central London, produced such television programmes as Desperate Scousewives and Celebrity Fantasy Homes.

These instructions are the latest in a steady stream that Eddisons’ machinery and business assets department has been involved with across the UK this year. As well as various business sales, the firm has also held over 120 online auctions of assets ranging from hot air balloons and engineering equipment to movie memorabilia.

Written by: Richard Roe on Monday 11/11/2013

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About the author

Richard joined Eddisons in 2003 and has been the Managing Partner since 2012, a role that sees him lead the strategic direction and development of the business under the ownership of Begbies Traynor Group plc. Richard has been instrumental in the growth of the business which has seen turnover more than double since 2008.

In addition to his role as Managing Partner, Richard continues to play a vital role with key clients, particularly in the banking sector, where he is a trusted adviser to major high street clearing banks. Over the last eight years, Richard has been appointed LPA Receiver on many high profile properties and assists in the recovery of distressed loan portfolios.

Prior to joining Eddisons, Richard worked in the real estate division of a 'Big Four' firm where his notable assignments included the privatisation of Saudi Telecom for flotation on the New York Stock Exchange.

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