Healthcare ad agency Hammond & Thackeray collapse leaves publishers out of pocket
One of the major media agencies of the healthcare industry, Hammond & Thackeray, has gone into liquidation with creditors including major publishers and agencies expected to be $4.4 million out of pocket.
The 35-year-old agency which also serviced agricultural clients from its Sydney, Melbourne and Auckland offices, was wound up by its directors on December 22. Parent company the Healthy Thinking Group is not affected by the decision.
The age of consolidation had well and truly begun
Many many more agencies, big and small to merge in next few years
Publishers being at the end of the money chain, to be hardest especially if trading on unsecured basis with small agencies
Sad for the staff. It’s not as though there were lots of them, so to be owed $1.2million, means they must have been burnt quite badly.
I hope the people responsible for this mess are held accountable, too often these things happen, staff loose out and the “responsible” directors setup shop again, unscathed, only to do the same thing,
@sadforthestaff
This agency has been around for over 30 years?
Pretty sure H&T is the mother ship. So curious how they can say it doesn’t affect the Healthy Thinking Group (a marketing umbrella at best).
Really sorry to see a once strong, highly professional and well run agency taken to ground. I am sure the founders Paul Hammond (Dec) and Peter Thackeray would be really disappointed that their names are still linked with this failure affecting so many people who respected the business they once ran. I am very sorry for the staff. Hopefully those responsible will not be allowed benefit.
Peter Thackeray left the agency some years ago when it was healthy and vibrant. The agency was a valued client of Merchant and Partners at that time. His name is and should be only linked to absolute integrity, honesty and fair dealing with staff, clients and suppliers.
Yes media, they have.
The two directors, Steve and Tony didn’t start it, but you might find the content here, and the comments interesting too.
https://staging.mumbrella.com.au/publishers-call-for-new-probe-into-collapse-of-hammond-thackeray-amid-indicators-of-insolvent-trading-510200