Great Yarmouth based creative agency TMS Media Ltd has ceased trading and entered liquidation following the loss of key contracts and shifting client spending patters. The company’s website portfolio has been sold with further asset sales underway.

TMS Media Ltd, a creative services agency based in Great Yarmouth has ceased operations as of Wednesday, moving forward with plans for liquidation. Established 36 years ago, the company has been situated at Wellington Park in Gorleston and employed a team of five individuals prior to its closure.

In the wake of this development McTear Williams & Wood, a specialist firm in business rescue and insolvency, has been appointed to facilitate the liquidation process. As part of this endeavour the company’s website portfolio has been sold to Pan Publicity, also located in Gorleston. Further details are expected to emerge as McTear Williams & Wood manages a bidding process for other components of TMS Media, including its client list.

Steve Scott, a director at TMS Media, expressed regret over the company’s closure, nothing, “TMS has worked with some amazing companies over the years, from single-person businesses to multinational organisation and we are desperately sad to see the company shut down”. He attributed the decision to end operations to the conclusion of three significant contracts last year and a growing trend among clients to cut costs related to services like public relations, design and printing.

The closure of TMS Media highlights broader challenges in the creative services sector where businesses often face pressures from shifting client demands and economic factors. As the agency wraps up its affairs eyes will be on the ongoing liquidation process, which could potentially see various assets of the company reallocated to new owners.

3 May 2025