Soho facility Lexington Post has collapsed. The company has appointed chartered accountants and insolvency practitioners Burley to oversee the winding up of the company.

Creditors were informed via notices that went out

Soho facility Lexington Post has collapsed. The company has appointed chartered accountants and insolvency practitioners Burley to oversee the winding up of the company.

Creditors were informed via notices that went out on Monday night (7 June).

Andrew Dix, who is overseeing Lexington Post's affairs at Burley, said he had yet to assess how much the company owed.

He said: 'We have done preliminary investigations but won't be releasing details until a week or so before the meeting.'

Lexington Post founder Brian Dyke was unavailable to comment on why the facility had decided to close. However, sources close to the company said it had become too reliant on one operator for a large proportion of its turnover, had found freelance editors too costly and had been unable to justify last year's acquisition of Smoke.

A creditors' meeting is due to be held on 29 June.