Marquee Audio in administration
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Robert Keys of Tenon Recovery was appointed joint administrator of the company by the High Court last month. "This move effectively bubble wraps the company to protect it from its creditors and give it some breathing space in which to sort out its affairs," says Keys.
The administrators are in talks with potential purchasers of the company and its constituent parts and report some interest from within the industry.
There are three levels of creditors - chargeholders such as banks that have issued secured loans, employees and general trade creditors. How much an