Mojo Bridge, the company under which Halo Post Production, Evolutions and Relay trade, has been placed into administration, following a strategic review.
The company has issued the following statement:
It is with deep regret that Mojo Bridge, the company under which Halo Post Production, Evolutions and Relay trade, has been placed into administration. Everyone involved is acutely aware of the personal and professional impact this announcement may have, and we want to acknowledge at the outset the human cost behind a decision of this nature.
“When the Halo Group acquired Evolutions and Relay in August 2024, supported by a new investor, the intention was to bring stability and renewed momentum to two businesses that had already been navigating extremely difficult trading conditions. Those ambitions were rooted in good faith and a genuine desire to protect jobs, preserve talent and support teams who had worked tirelessly through a challenging period for the industry.
In late August this year, ENVY was asked to review Mojo Bridge’s operations and explore whether a strengthened structure or revised strategy could help return the business to long-term financial health. ENVY entered this process with sincere optimism and with the belief that its culture, operational approach and technical expertise might help chart a viable path forward. Throughout, we remained mindful that behind every strategic decision were individuals, teams and livelihoods.
The decision to file for administration follows several months of detailed strategic and financial review. It was taken only after every realistic option had been explored, and only when it became clear that no responsible alternative remained. This outcome is deeply disappointing for all parties, and we recognise the uncertainty and distress it may create for many people connected to the business.
As the review progressed, it became increasingly evident that the financial pressures inherited prior to the acquisition were far more severe than initially understood. Despite constructive collaboration and a shared determination to find a solution, the scale of the challenges ultimately made continued partnership unsustainable. We recognise the strain this places on staff, clients and partners, and do not underestimate the seriousness of the situation.
Dave Cadle, CEO of ENVY Group, said: ‘After three years of difficult trading conditions, the UK television and film industry is still facing an exceptionally tough period. A transformed broadcasting ecosystem, combined with wider economic pressures and sector-wide strain, has led to the closure of many respected post and VFX companies, including industry-leading names such as The Mill, MPC, Jellyfish, Directors Cut and, only this week, Wave Studios and potentially more to follow. Financial restructuring is becoming increasingly common across the sector, and similar pressures have affected many camera rental companies in recent years. We always knew that turning Mojo Bridge around would be challenging. We explored every option we could, but with shareholders unable to commit further funding, the financial realities meant the decision became unavoidable. It is an outcome none of us wanted, and our thoughts are very much with the teams affected’
The ENVY board added: “This decision was not taken lightly. It followed long, careful consideration and many difficult conversations. We are sincerely disappointed that we could not find a path forward for Mojo Bridge. Considerable time, resources, expertise and care were invested in the hope of securing a different outcome, and it is genuinely saddening for all involved that this has not been possible. We are grateful to the staff across all businesses for their commitment during an exceptionally challenging period.”
The appointed administrators – Oury Clark Chartered Accountants – will now begin reviewing the company’s affairs and determining next steps. Our priority in the immediate term is to ensure that employees and partners receive as much clarity and support as the process allows.
Pippa Considine
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