Sit-up TV appoints administrators

Sit-up Limited, the company behind Price Drop TV and Bid TV, has gone into administration, with the loss 229 jobs.

Will Wright and Allan Graham from KPMG restructuring practice are joint administrators.

The TV channels, which featured garden offers, broadcast to 12m homes with 300 hours of live demos a week.

Transmission ended on 17 April.

Wright said: "It's really disappointing given the efforts of the company and the support of the majority of creditors, that a satisfactory conclusion to the restructuring could not be reached."


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