Works Media has been placed in administration.
The film distributorís shares were suspended on 1 October because it had not published its interim figures for the six months to June 2010. At the suspension price of 0.25p, Works Media was valued at £431,000.
Milcoz Films Ltd has a qualifying floating charge over the companyís assets and it appointed UHY Hacker Young as administrator.
The companyís subsidiaries are not in administration and are trading normally and will be acquired by Milcoz.
© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.