Hitting out at rumours in the industry, Broome explains that when he launched the Londonlaunch brand he created 14 different company names under the group name of WL Franchise, in a bid to own different aspects of the event industry from hospitality to ticketing.
After seven years some of these companies, which had included Hospitality Box, had not traded a single penny. As a result of this he made the decision more than 12 months ago to wind up the aforemetioned companies and keep just three brands under the WL Franchise. These companies are Londonlaunch, Londonlaunch Live and Londonlaunch Learn.
"More than a year ago I took the decision to wind up the companies that were not relevant to us, or that had never traded," explains Broome.
"We did everything in the correct manner with our accountants. Any debts or money owed was to myself, my family and the bank. We have never had any trade creditors, and do not owe anyone in the industry any money. Our londonlaunch.com business and our forthcoming show, Londonlaunch Live are both doing extremely well."
Details on Companies House about the closing down of some WL Franchise's companies also back this up with the biggest creditors being cited as Broome, his family and Barclays Bank
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