A court hearing next week will spell the future for troubled radio company, Sunrise Radio Ltd after a petition to “wind-up” the company was filed by HM Revenue and Customs.
The hearing takes place at the Royal Courts of Justice, 7 Rolls Buildings, Fetter Lane, London EC4A 1NL, on Monday 2nd September 2013, at 10:30 hours (or as soon thereafter as the Petition can be heard).
Any persons intending to appear on the hearing of the Petition (whether to support or oppose it) must give notice of intention to do so to the Petitioners or to their Solicitor in accordance with Rule 4.16 by 16:00 hours on 30th August 2013.
The petition was presented on 18th July 2013 by the Commissioners for HM Revenue and Customs. It remains to be seen how the broadcaster, which owns Sunrise Radio, Kismat Radio, Punjabi Radio and Buzz Radio, will continue after the court hearing.
A “wind-up” petition can be made against a company, who is unable to pay debts of more than £750. If the petition is successful, the company will be put into liquidation.
Sunrise Radio’s listening figures were 425,000 at the end of Q2 2013, which were down on the same period in 2012 (447,000).[Source: media247]