Project Winter Limited (07913144): administration
- Status
- Administration ended
- Administration began
- 2013-04-24
- Formerly
- Cinesite Limited; Passagereturn Limited
- Incorporated
- 2012-01-17
- Location
- Manchester
- Industry
- 59120 Motion picture, video and television programme post-production activities
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Property / lease costs
From the administrators' statement
The Company operated as a provider of special effects and post-production services to the global film industry.
The Company was effectively purchased by Endless LLP (Endless), the secured lender and majority shareholder of the parent company, in May 2012 The Company has since experienced sustained and significant short term cash flow pressures driven by a prolonged downturn in the global film industry, mamfesting itself in
e a reduction in the volume of new projects being undertaken; e delays in the commencement of new projects, and
Administrators' statement of proposals (2013-05-30) · Companies House register