Global Media Corporation Ltd, a Liverpool-based company which offered advertising space in diaries and magazines promoting the work of the emergency services including the police, fire and ambulance services, was put into provisional liquidation on public interest grounds on 11 December 2013 by the High Court in Manchester.
The order follows an investigation by the Insolvency Service and a petition by the Secretary of State for Business, Innovation and Skills. The Official Receiver has been appointed as provisional liquidator.
The companys telesales staff cold called potential customers and stated Global Media Corporation Ltd was affiliated with the police and offered advertising space in diaries and magazines promoting the work of the police, fire and ambulance services . Customers paid for advertisements in diaries and magazines that Global Media Corporation Ltd has allegedly failed to produce or distribute.
The role of the provisional liquidator is to protect assets in the possession of or under the control, of the company pending the determination of the petition. The provisional liquidator also has the power to investigate the affairs of the company insofar as it is necessary to protect the assets including any third party or trust money or assets in the possession of or under the control of the company.
The case is now subject to High Court action and no further information will be made available until the petition is heard in the High Court on 9 January 2014.