Tuesday, December 20, 2016

Jocked Rock

Team Rock, monsters of rock publishing, rock promotion and a radio station, has gone into administration, with 73 people losing their jobs.

They won a £650k grant from Scottish Enterprise in 2013, so that they would locate in Hamilton, South Lanarkshire, initially; they argued it would have been £1m cheaper to start up in London. And last year Scottish Enterprise took 6.38% of the company's voting rights, for a £2m investment.

Interestingly, at the close, only 27 staff were working in Hamilton, and 46 in London, in offices on the Pentonville Roas.

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