Seaview 123 Limited (07114042): administration
- Status
- Administration ended
- Administration began
- 2022-10-18
- Administrators
- Julian Pitts, Robert Alexander Henry Maxwell
- Administrators' firm
- Begbies Traynor
- Formerly
- Coda Post Production Limited
- Incorporated
- 2009-12-30
- Location
- Leeds
- Industry
- 59113 Television programme production activities
Why it went into administration
- COVID-19
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Property / lease costs
- Sustained trading losses
From the administrators' statement
Our proposals for achieving the purpose of the administration. The following background information is provided to assist creditors who may have limited knowledge of the Company and its affairs to better understand the reasons for the pre-packaged sale.
Founded in December 2009 the Company operated a multi-site video and audio post production business. Primarily, the company is known for assistance with the production of short television series and advertisements. The Company’ is a wholly owned subsidiary of CODA Media Limited.
By the end of 2015 the Company had expanded to employing 11 members of staff including a new business development manager, a head of video and operations and a head of finance and marketing to work alongside the managing director. This was part of an effort by the director to expand the range of services offered by the Company in order to grow beyond the relatively small number of clients that they relied on at the time. The Company successfully added a number of new studios including voice over and video editing suites.
Administrators' statement of proposals (2022-11-03) · Companies House register