Leading NI public relations firm wound up as new buyer close to completing takeover

ONE of Northern Ireland’s bestknown public relations companies has been wound up at the High Court in Belfast.

The move to liquidate Stakeholder relates to a tax bill in excess of £200,000.

But MCE Public Relations Ltd is close to completing a deal to buy the business and protect its five staff members’ jobs.

A winding-up petition brought by HM Revenue and Customs was granted after a proposed vol- untary arrangement to pay some of the debt was rejected.

It brings an end to a communications and event management consultancy which has operated in the UK and Ireland for two decades.

Headed by Tom Kelly, the firm gained a reputation for providing quality public relations and communication strategies to clients.

It was plunged into difficulties amid attempts to restructure following the recession and Mr Kelly’s deteriorating health.

In a statement he confirmed a decision was taken recently to proceed with the sale of the business to MCE.

“In an attempt to resolve these matters we explored several options including a very credible CVA (Creditors Voluntary Arrangement) which was accepted by all parties except one.”

When that proposal was rejected a liquidator was appointed.

Mr Kelly’s legal representative, John Gordon of Napiers and Sons, said: “Stakeholder staff will continue to work on servicing clients with PR, design and PA needs as they arise.”