Winnersh Film Studios Ltd (13616828): administration
- Status
- Administration ended
- Administration began
- 2024-04-02
- Administrators
- Stephen John Absolom, Nicholas Holloway
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2021-09-13
- Location
- London
- Industry
- 59111 Motion picture production activities
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The Company was incorporated in September 2021 and began trading from a site in the Winnersh Triangle Business Park, which ts leased from the landlord by Asset Arts Limited (‘AAL’). AAL is not part of the Group but is connected via a common director/shareholder, being Mr James Enright.
The Company owns two large film stage structures and two workshop structures and has generated its revenue by providing stage production for a number of film and television productions.
The Company does not have any employees, but does utilise employees of its holding company, Stage 50. In addition, a service agreement was in place with AAL whereby they would provide operating services to maintain the site and assist with servicing productions for a fixed monthly fee. This agreement was terminated following the Joint Administrators’ appointment.
Administrators' statement of proposals (2024-06-11) · Companies House register