09/11/10 More news on the rather suspcious Cre8 here
Cre8, the publisher of various football magazines including Arsenal, Tottenham, Celtic, Rangers and QPR has gone into voluntary liquidation.
The situation is a little uncertain, but seems linked to the company’s recent involvement with a hotel in Peterborough. The fact that it’s a voluntary liquidation raises the possibility of a phoenix operation with some of the more profitable assets being bought and reborn by the owners.Update 23/07/09 from the Guardian
Power still running
Lee Power, the director of Cre8 (UK), the failing football publications firm whose lucrative contracts with Premier League clubs were conferred to a new company, Cre8 (Publishing), before beginning insolvency proceedings, seems to have a bit of history.
A former Norwich City striker, Power has been a director of 19 companies. He was chairman at Cambridge United and Rushden & Diamonds, and both are still trading. One company is a lettings firm, November Properties, but that lies dormant. Two, O Publishing and Cre8 (Publishing), are new and were set up within six weeks of each other last year, both with football club publishing contracts similar to or inherited from those at Cre8 (UK).
Power resigned as a director of Cre8 (Publishing) in February after six months on the board there, although curiously staff claim he has never been a director of the firm. Of the rest of his former businesses, 13 are either in insolvency proceedings or have been dissolved.