Petrolhead, the men’s lifestyle/motoring magazine which launched in February (see Newsline) has closed. The owners, Mediahead Ltd, have begun liquidation proceedings.
The magazine is rumoured to owe in the region of £250,000 and a meeting is to be held on the 24th August between all the creditors. David Rubin & Company, the accountants and licensed insolvency practitioners, are handling the proceedings.
David Rubin & Company: 0181 446 8203
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