The administrators called in to look for potential investors for two firms set up by Leicestershire fitness expert Rosemary Conley have issued the following comment:
The Board has taken a responsible decision - going into early administration creates a restructuring opportunity. Our initial priority is to restructure the business and explore the clear potential for investment. Sadly the process involves some difficult decisions including the need to make a number of employees redundant”.
Six staff are being made redundant at the firm's HQ in Quorn. It's after a slump in magazine sales and debts from the launch of a digital TV channel were revealed.
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After a cloudy morning with occasional rain drier and brighter conditions will develop by early afternoon with sunny spells.
Staying windy and often rather cloudy, with patchy rain at times. It should gradually become brighter later.
A wet and windy evening with heavy, persistent rain spreading eastwards, clearing through the early hours.