Unit Studios London Limited (11617856): administration
- Status
- In administration
- Administration began
- 2023-09-12
- Administrators
- Giuseppe Parla, Jonathan David Bass
- Administrators' firm
- Menzies
- Incorporated
- 2018-10-11
- Location
- London
- Industry
- 59120 Motion picture, video and television programme post-production activities
Why it went into administration
- Competition / price pressure
- HMRC / tax arrears
- Property / lease costs
- Sustained trading losses
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposais has been prepared based on information provided to me by the director of the Company and not from my personal knowledge as Administrator.
The Company was incorporated on 11 October 2018 by the current and sole director, Adam Luckwell. The Company traded from leased premises at 10 Berners Mews, London, W1T 3AP (“the Premises”), which are owned by the director personally, at a reduced rental rate of £141,000 per quarter.
The Company was incorporated with the aim to operate a business providing low level post-production and VFX to the TV and advertising industry, and was originally funded via investment from the director, with an amount of £566,323 due to the director at the end of 2019.
Administrators' statement of proposals (2023-09-28) · Companies House register