At a meeting of shareholders this morning (Monday) it was resolved that the company cannot, by reason of its liabilities, continue its business and shareholders voted to wind up the company.
Gerald Irwin of Irwin & Company of Station House, Midland Drive, Sutton Coldfield, West Midlands were appointed Liquidators for the purpose of winding up the business.
Over the past couple of weeks the station has only broadcast music playing back to back, with none of its regular shows or news programmes being aired.
Newtown Councillor Russell George who was able to attend the meeting, as he owned a £5 share in the company said:
“Gerald Irwin, the appointed Liquidator informed the meeting that his advice was that shareholders should accept the recommendation to wind up the company and went on to say that he had received four expressions of interest.”
Councillor George who is also the Conservative Assembly Candidate for Montgomeryshire went on to say:
“Radio Maldwyn offered a good service throughout the Mid Wales area and it’s sad that the station had to be wound up. People particularly missed the stations news updates during the adverse weather with people tuning in to find out what was going on but only hearing music being played back to back. I am pleased that there have been expressions of interest to take on the running of the station. What is important to me is that we continue to have a local radio station and I intend to make my own enquires and help to facilitate this.”
