Axis VFX Limited (SC466154): administration
- Status
- Administration ended
- Administration began
- 2024-07-15
- Administrators
- Alistair Mcalinden, Geoffrey Isaac Jacobs
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2013-12-19
- Location
- Glasgow
- Industry
- 62012 Business and domestic software development
Why it went into administration
- COVID-19
- Competition / price pressure
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 19 December 2013 and provided video animation and visual effects services to customers. It is a 60% owned subsidiary of Axis Productions Limited - in administration (“APL”), with the remaining shares held by Davdrewdor Limited, a party related through common directorship.
The Company previously operated from a rented multi-use office space at The Bottle Yard Film Studios, Whitchurch Lane, Bristol, BS14 OBH, however recently vacated these premises. At that time its tangible assets were repatriated to the offices of APL, with employees working remotely.
At the date of appointment, the Company employed 15 staff, with a freelance worker base used to support the employees.
Administrators' statement of proposals (2024-08-22) · Companies House register