Revolver Entertainment Limited (04441320): administration
- Status
- Administration ended
- Administration began
- 2013-04-19
- Administrators
- Simon Harris, Cameron Gunn, Mark Supperstone
- Administrators' firm
- ReSolve
- Incorporated
- 2002-05-17
- Location
- London
- Industry
- 59131 Motion picture distribution activities
Why it went into administration
- HMRC / tax arrears
- Rising costs / inflation
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated in 2002 by Mr Marciano, who had been involved in the film industry for many years, having established Revolver Films Limited (RFL), an associated company, in 1997
However, the Company did not commence trading until 2008 when it agreed to act as the distribution agent for RFL The distribution included the production and sale of DVDs to major online, on demand and high street retailers, including Amazon, BT Vision and HMV The manufacturing and distribution of DVD stock was carned out by Sony DADC UK Limited (SDL) The nghts were exploited in the UK and Ireland
The Company initially shared premises at Lambton Place, London, with RFL Initial funding was provided by RFL, an overdraft facility provided by the Company's Bank, Coutts and Co (Coutts), and a distribution and marketing advance from SDL
Administrators' statement of proposals (2013-06-18) · Companies House register