Interpath Advisory appointed administrator to Stage 50 Limited

Nick Holloway and Steve Absolom from Interpath Advisory have been appointed joint administrators of Stage 50 Limited and Winnersh Film Studios Limited.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.

However, the company’s trading 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, said: “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, added: “The Companies will continue to operate as normal while we assess their position.”

The other legal entities within the Stage 50 group are not currently in administration and continue to trade as normal.