Fri, 23 May 2025 | ADMINISTRATION
LipSync, a post-production house and film equity investor based in London, has fallen into administration, with an announcement regarding a sale expected to be made soon. The company, which was founded in 1984, has worked on films including recent Oscar winner The Brutalist and Wolf Hall, as well as backing films such as Nowhere Boy, We Need To Talk About Kevin and Great Expectations.
LipSync has an office on Wardour Street, Soho and has been described as a fixture of the London film production industry. In the year to July 2023, it reported revenues of £36 million, up by 44 per cent from £24.5 million the previous year, and pre-tax profits of £1.4 million.
LipSync’s parent company is Glenthorp Limited, which is owned by the company’s Managing Director Peter Hampden and Finance Director Norman Merry.
Despite its prominent industry standing and strong financial performance in its most recent accounts, the company fell into administration earlier this month, with Nick Parsk and Carrie James of Oury Clark appointed as joint administrators of Lip Sync Post Limited on May 15. However, the company has stated that a sale to a third party is expected to be completed soon.
In a statement, LipSync said: “The company is continuing to trade under the control of the Joint Administrators while a sale for the business and assets is finalised. The trading period is not expected to be any longer than two weeks as the Joint Administrators are at advanced stages with a third party.”
“During this period, it is ‘business as usual’ for the company. No redundancies have been made and the Joint Administrators are hopeful an announcement regarding the sale will be made shortly.”
At the time of its most recent accounts, the company’s fixed assets were valued at around £668,000 and current assets at approximately £19 million, with net assets amounting to just under £5 million.
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