Grand Central Sound Studios Limited (02478789): administration
- Status
- Administration ended
- Administration began
- 2024-06-04
- Administrators
- Benjamin Stanyon, Nedim Patrick Ailyan
- Administrators' firm
- FRP Advisory
- Formerly
- Carole Humphrey Limited
- Incorporated
- 1990-03-08
- Location
- Orpington
- Industry
- 59120 Motion picture, video and television programme post-production activities
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Property / lease costs
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company conducted the business of an award-winning and market leading sound and cinematic recording studio. The business was renowned for its innovation and for being the first sound house to convert from analogue to digital output. It had been trading sinoe 1990.
The business address was 51-53 Great Marlborough Street, London. The Company employed 21 members of staff, induding the current directors, Carole Humphrey and Ivor Taylor. The directors are also the majority shareholders.
Assets utilised by the Company included an inventory of specialist sound recording equipment. A large proportion of the inventory is financed by the Asset Financers.
Administrators' statement of proposals (2024-06-18) · Companies House register