There are no plans to continue with either company as a going concern at the present time.
Alan McGee has launched a new company, Alan McGee Management, which will represent The Dirty Pretty Things, The Charlatans, The Black Affair and Antony Langdon.
Neither party wished to comment.
Register for a Music Week trial to access this article.
Sign up for your digital free trial to Music Week, the no 1 weekly trade magazine for anyone who needs to understand the business of music. For four whole weeks we will provide you with great, in-depth journalism that gets right inside the business of music.Start your free trial