Classical record magazine is declared insolvent
mainThe death of Barry Irving last month drained his publication of essential support.
We have received this final notice:
March 30th, 2015
To Whom It May Concern
Due to the death of Barry Irving, the sole Director of International Record
Review Ltd, the company must now be considered insolvent and a letter has
been sent to Companies House requesting it to be struck off the register.
The final issue of International Record Review was published on March 2nd.
Many thanks are extended for your past support.
International Record Review Ltd
Sad news. Unlike its competitors, IRR gave its writers sufficient space to provide really informative reviews.
Agreed. It’s been my favourite classical music magazine for many years, and I looked forward to the new issue at my newsagent every month. Certainly a better, more informative and less hype-ridden magazine than what Gramophone has become in recent years. I will miss IRR greatly, and it’s a shame that it has seemingly not found a new publisher to take over after the sad death of Barry Irving.
Striking the company off at Companies House won’t be as straightforward as the press release suggests. The Registrar would need to establish, inter alia, that the company has not traded for three months.
He would also need to know that the claims of creditors have been satisfied, so far as possible, e.g. that a liquidator had completed his work.
The collapse of this company was very sudden. The director(s) would be in breach of section 214 of the Insolvency Act 1986 if he/they knew, or ought to have known, that the company had no reasonable prospect of not going into liquidation and did not take every step that ought to have been taken to minimise the potential loss to the company’s creditors. The liquidator could refer the matter to the court if he thought that this was the situation, and the court could order a director to compensate creditor(s) for their loss.
IRR was an excellent journal. I take no pleasure in examining its entrails.
That is very sad. IRR will be irreplaceable.