Homes Overseas Brand in administration

  • 17 years ago
  • Uncategorized
 
UK based Blendon Communications Ltd the company behind brands such as Homes Overseas Magazine, Homes Overseas Magazine Exhibitions, have gone into administration. The company has now been broken up with some of its brands offered for sale by the administrators whilst other parts have already been sold.
 
Globespan Media Limited has announced its purchase of  Homes Overseas magazine, overseas property website www.homesoverseas.co.uk, Homes Overseas Magazine Awards, www.whathouse.co.uk, What House? Homes Overseas Awards and Show House magazine.
 
 
The new owners Globespan are a new company, which is backed by private investment from David Bexon and Ian Kenney. The two entrepreneurs have a background in digital property media. The new investors envisage exciting growth in integrating on and offline products such as Homes Overseas magazine and www.homesoverseas.co.uk.
 
 
Allister Manson of the administrators Smith & Williamson is now offering for sale  the exhibitions previously organised by Blendon Communications Limited , including Homes Overseas Magazine Exhibition, Viva Espana, Viva Italia and Invest in Property.
 
There is speculation that the established brand may have fallen victim to the growing success of online marketing in the overseas property industry. Nicholas Marr CEO Marr International Ltd the company behind Homesgofast.com ‘Generating leads from exhibitions can be an expensive business for agents who are tightening their belts. However they are an excellent place for buyers to meet agents compare like for like and obtain free expert advice.
 
Blendon Communications was incorporated in 1992 by just four people, it employed over 100 staff with a HQ above London’s Smithfield Market in Farringdon as well as offices in Marbella, Madrid and Dublin.
 
The company’s mission was to be the leading source of independent, expert advice on real estate in the UK and overseas.   The core business of the company had been publishing, exhibitions and awards with Blendon products taking leading positions in all the markets it traded in.
 

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