Electric SKY Productions Limited (03178786): administration
- Status
- Administration ended
- Administration began
- 2014-11-11
- Administrators' firm
- FRP Advisory
- Formerly
- Brighton Films Ltd.; Electric Media Ltd.
- Incorporated
- 1996-03-27
- Location
- Brighton
- Industry
- 60200 Television programming and broadcasting activities
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated in March 1996 to undertake production of documentary films working with global television companies producing film for specific broadcasters and also funding and undertaking the production of independent factual/entertainment films often collaborating with other production companies and utilising freelance contractors
At the time of entering administration the Company had 5 productions at various stages of completion firstly, primarily for the Discovery Channel and Channel 5 The Company attributes its financial difficulties to insufficient cash flow to fund the completion of one of the 5 projects known as “Lost Worlds” with Discovery Channel, leading to the subsequent termination of the production agreements between the parties, and secondly a reducing sales pipeline.
In addition to the 5 productions in progress, the Company retains ownership of title to approximately 43 productions in both the factual and entertainment sector. These titles are distributed by Electric Sales Ltd (“ESL”), a connected company with a common director.
Administrators' statement of proposals (2015-01-12) · Companies House register