BEGBIES TRAYNOR administrators have been called to listed exhibitions and events company All Points North.

Paul Stanley (pictured) and Kenneth Pattullo have been appointed joint-administrators to All Points North. The company showcases national and international exhibitions and events of contemporary art in the North East, North West and Yorkshire regions.

The company ran into trouble when two of its tenants became insolvent, Kendal Carpet Warehouse and College House Furness PC leaving All Points North with outstanding rental payments, last year.

It announced turnover reduced to £151,450 compared to £163,429 for the same period a year before in its December unaudited interim results for the six months ended 30 September.

Three months later in March the company suspended shares pending clarification of its financial position. All Points North said it was in discussions with its lender Clydesdale Bank, which wanted full repayment of its £5.1m loan to be made by 30 April.

All Points North hoped to dispose of several properties to repay that debt.

However, in May the bank agreed to extend the repayment period to 30 September.

Unfortunately in August the company announced its bankers had “withdrawn their support”, and the business was unable to continue trading as a going concern.