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.
More top news
Dry morning with plenty of sunshine. Cloud will gradually thicken into the evening but it will remain largely dry.
It will be a fine morning with sunshine but cloud will increase with patchy light rain reaching some areas throughout the day.
Police say that he has been taken to hospital but his injuries are not thought to be life-threatening.