Venue finding agency and industry news publisher ‘myvenues’ has been closed with payments owing to suppliers. Owner Ben Aylward told CN creditors would be contacted “in October”.
CN understands there are several suppliers owed payments by Aylward and that insolvency practitioners have been called in. What is less clear is whether Aylward has been running the business as a sole trader or through Award Publishing Ltd.
An Ireland-registered myvenues company was closed over three years ago, although the ‘myvenues’ brand was still used until August this year.
Aylward has cited ill-health as reason for the business closing and said more details of the situation would be known after a meeting on 7 September but did not disclose more information nor details of any insolvency practitioner for potential creditors to get in touch with, when contacted by CN.
One creditor, Richard Henderson, director of an independent web design and digital marketing company based in the South West, told CN he had been working on Aylward’s myvenues project for a few years and was owed “significant amounts of money for invoices that Aylward has not paid”.
He added: “Myself and freelance writer Christine Page were both informed on the 26 July 2015 that Ben was closing the company due to ill health and that he would be appointing a receiver.
“As suppliers we were shocked as he owed us a significant sum of money. We offered to continue the day to day business, adding stories and sending eshots, whilst we explored the possibility that we could take on myvenues and keep it running for the benefit of both ourselves and the clients that had paid Ben for a full year’s programme, in advance. On conducting our due-diligence it became extremely clear, very quickly, that we would not be able to take the business forward. It was at this point that we decided to cease any further work for myvenues. This was on or about the 20 August 2015.”
The myvenues website was taken down briefly on Monday 27 July for a couple of days and subsequently reinstated until 21 August 2015, when it was removed permanently.
Another company affected by the closure is industry media buying agency, Patch Media. MD Jackson Clark, told CN: “We’ve had a number of clients that have paid for activity over the coming months and at least two in the last three months where payment has been chased and paid for activity running from 15 July 2015 to 16 June 2016.
“We weren’t told of the myvenues situation and it only came to light when we had tried numerous times to call without reply and the website and telephone number suddenly went down. We are owed money and I’m reliably informed that a number of other venues and suppliers are too.”