[modeleng] Re: Nexus receivership

It wont be Nexus, but Highbury House PLC, who bought
ME and many other titles.
I have had an email to the effect that they have gone
into receivership, but dont have any definate
information.

It wouldnt surprise me, and in factk a couple of years
ago I mentioned on this forum that I didnt rate their
chances very highly.
Far too much borrowings and paying way above the
market price for title to gain circulation.

The most recent figures I have seen show a loss of
around £80 million, on a turnover of around £110
million.

A few  years ago I was in touch with someone who was
considering buying ME and ME Workshop, but Hhighbury
came along and outbid them.

A shame as I have always thought that it should be
owned by enthusiasts.

Alan


--- Kenneth Swales <kenwillowbend@xxxxxxxxx> wrote:

> Hi All
> 
> I've just had a phone call from my daughter whose is
> at Sandown today (keep ME in the family) to say
> Nexus
> has gone into receivership.
> 
> Has anyone else heardanyting about this.
> 
> Ken



                
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