Published: 30th October 2008
Wallace Barnaby and Associates Group was established in 1984, extending its operations to Jersey in 1988.
The Group, which at its height was the largest offshore marketing and advertising agency in Britain, comprised of four operating companies, Wallace Barnaby Associates (Jersey) Ltd, White Knight Ltd, Campaign Management Associates Ltd (CMA) and WB Outsource Solutions Ltd.
Adrian Rabet, of Begbies Traynor, the UK’s leading business rescue, recovery and restructuring specialists, commented: “The Group placed itself in voluntary liquidation under the Companies (Guernsey) Law 2008 because it was unable to meet its debts as they fall due."
“We can now confirm that this has impacted all the companies within the Group and those which have not yet entered liquidation will do so shortly. This will bring two additional redundancies – the remaining members of the Group’s staff based on Jersey – sadly bringing the total to 29 across the Channel Islands.”
The team from Begbies Traynor is continuing its investigations into the reasons behind the failure of the business and taking steps to meet the group’s liability to creditors.
Recent comment in the press by interested individuals should not necessarily be taken as statement of fact and the liquidators will investigate all matters of concern brought to their attention.
For further information please contact Adrian Rabet or Alan Roberts, Begbies Traynor, 01481 728447
Julie is a law graduate who qualified with Price Waterhouse in 1994. Julie joined Smith & Williamson in 1997 and became a partner in 2001. With Mike Stevenson, Julie set up Middleton Partners offices in Salisbury and Southampton, both of which are now part of Begbies Traynor.
Julie is a member of the Insolvency Practitioners Association and is a Fellow of The Association of Business Recovery Professionals. Julie deals with all aspects of Corporate Recovery and turnaround work and takes all form of personal insolvency appointments.