# Peerless Digital Imaging Limited (06871230)

> Why UK company 06871230 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06871230

- **Status:** In administration
- **Administration began:** 2024-02-16
- **Administrators:** Joseph Walter Colley
- **Administrators' firm:** Opus Restructuring
- **Formerly:** Dominion Digital Imaging Limited
- **Incorporated:** 2009-04-06
- **Location:** London
- **Industry:** 59120 Motion picture, video and television programme post-production activities

## Why it went into administration

- HMRC / tax arrears
- COVID-19
- Creditor pressure / legal action

## From the administrators' statement

The Company has generally been trading profitably but in recent periods has been carrying legacy HMRC debt. After surviving the impact of the COVID-19 pandemic the Company generated a profit of £250k in the period to 28 February 2023.

The Writers Guild of America strike between May to September 2023 had a devastating impact on the film industry with the Company’s operations having essentially ceased in that period. The SAG-AFTRA strike, combined with the former strike, caused a further downturn for the film industry. Since the industry had fully re-opened, the Company won good contracts in place up to April 2024 and is in negotiations for a large project to commence in the Summer.

HMRC are the Company's largest creditor. A demand from HMRC issued in July 2023 stated a debt of £673k. On 23rd November 2023, HMRC petitioned for the winding-up of the Company although this was adjourned.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06871230/filing-history/MzQxNzkyOTU4OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06871230

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.