Exclusive: Lipsync Post, The 40-Yaar-Old British Post-Production House and Film Investor, Has Effectively Filed for Chapter 11 Bankruptcy.
Lipsync, Which Boasts Credits Including Brutist and Wolf HallHas Appointed Accountancy Firm Oury Clark as an Administrator, Putting As Mary As 70 Jobs at Risk.
The UK Administration Process is Similar to Chapter 11 Bankruptcy, But Unlike in the US, Where Directors Remiin in Control of the Business, Oury Clark Will Take the Lippsynca of Operations and Attempt to Restructure the Company Financial SO CAN PAY CREDDITORS.
Lipsync’s Most Recent Earnings, Filed for the Year to the End of July 2023, Showed that the Company’s Revenue Rose 44% to £ 36m ($ 49M). Its pre-tax profit climble 77% to £ 1.4m. Lipsync Employed A Total of 69 People.
Lipsync’s Parent Company is Glenthorp Limited, WHICH IS OWNED BY Peter Hampden and Norman Merry, who are the post houses managing director and finance directively. HAMPDEN DID NOT APPEED TO REQUESTS REQUESTS FOR COMMENT. Oury Clark was contacted for comment.
Lipsync invested in Brutist and its post work on the Oscar-Winning Film Included VFX and Sound. Other Recent Credits Include Fight or FlightStarring Josh Hartnett, and Anthony Hopkins Feature One Life.
As an investor, lipsync has Backed Projects Including We Need to Talk About Kevin, Great Expectations, Nowhere boyand Made in dagenham.
The Administration Process Follows the Demise of Technicolor, The Iconic VFX and Post-Production Company, Earlier This Year.
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