From the administrators' statement

3.1 In February 2024, the Company received a statutory demand from the production company that is producing one of the films that the Company did not honour its obligations under the film investment agreement it entered into.

3.2 Under the original investment agreement, entered into in December 2023, the Company had committed to investing a minimum of €410,000 into the film, however prior to the issuing of the statutory demand in February 2024, no funds had been provided by the Company.

3.3 Following receipt of the statutory demand, the Company entered into discussions with the production company in order to find an amicable way of resolving the issue. 3.4

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London Town Films Limited (09786251)

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