Administrators have been appointed at the International Music Network founded by former PRS chairman Ellis Rich.

The music publishing company, which is based in Loughton, Essex, still continues to trade, but its affairs are now under joint administrators Andrew Andronikou and Michael Kiely of UHY Hacker Young, Andronikou headed the administration of Portsmouth FC, the first Premier League club in history to enter administration.

Having spent a decade working in the international division of EMI Music Publishing and then becoming ...