Reported by Bikebiz, news has broken over the weekend of the voluntary liquidation of Factory Media Ltd, owners of multiple sports media brands including Total womens Cycling, Dirt, RCUK and RideUK.
Accountants, Chamberlain & Co, have been appointed to oversee the liquidation.
While the Factory Media company itself was sold to Forward Internet Holdings in 2012 it continued to operate as a separate company.
The accounts for Factory media have painted a picture of a company struggling to survive for the last few years with auditors Ernst & Young LLP posting notes to the companies accounts as long ago as 2015 of their concern over the viability of the company. The official auditors line on the accounts states, The audit report states that ther…