Nick Holloway and Steve Absolom from Interpath Advisory were appointed joint administrators of Stage 50 Limited and Winnersh Film Studios Limited on 2 April 2024.
The Stage 50 Group operates, designs, and builds boutique film and television studios on sites located in Wycombe, Farnborough and Winnersh. The group also designs and creates purpose-built sound stages and provides specialist creative and technical production space and sound services.
Trading at the Company had been impacted by the recent writer and actor strikes, which ultimately had a detrimental impact on cashflow. Consequently, the senior secured lender, SCIO-Fund SICAV-FIS, took steps to stabilise the business, including seeking the appointment of administrators.
Greg Branch, director of SCIO-Fund SICAV-FIS and CIO at SCIO Capital, commented: “We remain fully committed to Stage 50’s model and vision of creating high-quality, innovative spaces for television and film makers. Our priority is to stabilise the business and put in place a foundation upon which Winnersh Film Studios Ltd can move forward.”
Nick Holloway, managing director at Interpath Advisory and joint administrator, said: “The Companies will continue to operate as normal while we assess their position.”
For the avoidance of doubt, the other legal entities within the Stage 50 group are not currently in administration and continue to trade as normal.
