New dawn for advertising agency

Rooster Punk, an advertising agency with an operation in Bristol, has been acquired out of administration by the existing management team in a deal supported by insolvency specialists at Wilson Field.London-headquartered Rooster Punk Ltd was established in 2012 and specialised in providing creative content for technology and financial services brands to better interact with clients and customers.The company, which traded from head offices at Queen Victoria Street in London with a second office in Clifton Down Road in Bristol, called in administrators from Sheffield-headquartered Wilson Field for formal insolvency advice.It had experienced significant growth since set up and posted profits each year up to and including October 2016.However loss of funds due to a bad debt combined with the termination of customer contracts and rising business overheads had created cash flow problems.Kelly Burton (pictured) and Lisa Hogg from Wilson Field were appointed as joint administrators on 6 December 2017 and concluded a pre-packaged sale of the business and assets to Rooster Punk Group Ltd lead by the same management team of Rooster Punk Ltd.All remaining nine staff at the time of the sale were saved and transferred to the new company under TUPE.Valuations were handled by Robert McArdle of David Currie & Co with legal services and advice from solicitors Irwin Mitchell.