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Unilad's publisher goes into administration
It is believed that hundreds of jobs at the company are now at risk.
THE FIRM BEHIND online publisher Unilad has gone into administration, it was confirmed today.
The site – which has 39 million likes on Facebook – has been publishing viral content since it was founded in 2010, except for a brief hiatus between 2012 and 2014.
It is believed that hundreds of jobs are now at risk for the company, which has offices in London and Manchester.
Company co-CEO Sam Bentley stepped down from his position earlier this year.
Despite the brand’s huge reach on Facebook, parent company Bentley Harrington has debts of more than £6 million, including £1.5 million owed to HMRC, the Guardian reported.
Administrator Leonard Curtis Business Rescue and Recovery said in a statement it is “seeking offers for the business in order to preserve jobs and maximise the return to creditors”.
In a separate petition, HMRC is seeking a court order to liquidate Bentley Harrington.
According to Newswhip, Unilad was in fourth place in the top UK publishers on Facebook in August.
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