Administrator sells MEA’s assets
Issue 968
- 18 Apr 2014
| 1 minute read
Chancellor George Osborne offered a package of incentives to boost UK exports in the coalition government’s 2014 budget, but the initiative came almost too late for one of London’s most venerable trade bodies, the Middle East Association (MEA), whose assets and goodwill were bought out of administration on 16 April by Somerset-based project management company Tilden International, an MEA member owned by its chairman Peter Meyer. A downturn in state-supported trade missions was among the cash-strapped MEA’s problems, which also included an inability to pay the rent on its headquarters in London’s St James’s (where GSN publisher Cross-border Information is the MEA’s tenant) or to hold on to its directors-general.
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