From the administrators' statement

The members advised that the Company had become insolvent due to a combination of the following factors:

• The financial difficulties experienced by the connected trading entity, Lip Sync Post Limited, which resulted in the instruction of Oury Clark Chartered Accountants to seek buyers for the business and certain assets through a pre-packaged Administration process.

• The general decline in the film & TV industry over the past few years resulting in more distressed competitors and a reduction in the quality of investment opportunities and a greater risk in a profitable return.

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Lipsync LLP (OC376497)

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