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Splash group files notice of intention to enter administration for one office

A UK national newspaper reported on Sunday that photo agency Splash News is preparing to appoint administrators for it’s UK branch.

PAN is trying to clarify the move – here’s what our source close to the situation told us: “It is true that one of the companies in the Splash group has filed a notice of intention to enter administration.  This is one of a number of companies in the Splash group which as a whole is continuing to operate normally.  Although there is no guarantee that the company in question will enter administration as a result of this filing, were it to do so it would be part of a wider restructuring plan, under which the Splash Group as a whole will continue to trade as normal.”

More as we get it.

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