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What has happened to PMT?
What has happened to PMT? The company has entered insolvency and appointed insolvency practitioners. Certain assets, including some stock, branding, and websites, have been sold to Gear4music Limited. The original company, however, still legally exists and remains responsible for its liabilities, but may not have funds to meet them. Gear4music has purchased certain stock, together with certain intangible assets including websites and trademarks from the Administrators of PMT. For clarity, Gear4music is not acquiring any part of PMT's trading business, nor any other assets or liabilities, and has no current plans to use the PMT trading name. For the Music Community The closure of PMT will be felt across the music community. It’s a change that will be felt not only by customers, but by the people behind the brand – and across the wider music community that PMT served for many years. Like many of you, we were saddened to hear the news. Over the years, we’ve worked alongside the same suppliers, shared industry spaces, and even welcomed a few former colleagues into our team. This moment affects many people – and our thoughts are with everyone impacted.