Independent producer Greenlit enters administration

Wed, 18 Aug 2010

Greenlit, the independent producer behind TV programmes including ITV’s drama Collision, Foyle's War and the new BBC Two comedy Vexed, has entered administration.

Its parent company, Target Entertainment, was sold yesterday to DVD distributor Metrodrome for £800,000. The sale did not include Greenlit.

BDO Stoy Hayward, which was brought in to manage the sale of Target, is now Greenlit’s administrator. The four Greenlit employees have been made redundant.

The founder of the company, Jill Green, sold the business to Target Entertainment in February 2008, but stayed on with the firm in the role of managing director.

It is believed that Green resigned in July as Target had breached the “original terms of our agreement relating to the sale of the business”.

Metrodrome chairman Mark Webster commented on the situation: “Metrodrome Group very much wanted to include Jill Green and Greenlit as part of the acquisition, but could not reach an agreement that suited all parties.”

Greenlit’s latest accounts reveal a £598,618 profit achieved for 2007.

The sale of Target Entertainment included its sister businesses Target US and Pink Sands.

It is understood that Jill Green is attempting to secure the rights to Foyle’s War.


Subscribe today to read and search all our news, premium articles, business sale listings and buy/sell resources.


Latest Businesses for Sale


Printers/ Stationers - Andover, Hants

Asking Price: 
Turnover:  £640,000
Location: 

Digital printing specialists, commercial and retail stationers, lithographic printing and various ancilliary services. Freehold retail shop and long leased factory unit. Sale price includes all equipment and properties. NP £80k...


Hotel Accommodation - Folkestone

Asking Price: 
Turnover:  £500,000
Location: South East

Three Victorian houses joined together to form a luxury 8,500 sq. ft. facility. Includes reception, two lounges, four dining rooms, 16 en-suite bedrooms, music room, two kitchens, conservatory, bar, sauna, hot tub and more...


Suppliers of Souvenirs - Derbyshire

Asking Price: 
Turnover:  £1,200,000
Location: East Midlands

With over £60k worth of trading, the company has a very reputable name within the tourist and leisure market. Excellent potential...


View More Businesses for Sale >>