Televisual has confirmed with Roundtable post Production Managing Director, Ben Coulson yesterday (3rd February) that the company has entered into administration with a formal application on the 28th January. This followed a Winding Up Petition from HMRC dating back to 15th December.
Coulson confirmed the company had no plans to effect a phoenix and that any interested parties should contact the administrator Opus LLP, where the administration is being handled by Partner, Ben Stanyon (ben.stanyon@opusllp.com)
Coulson suggested the business had a reasonable order book for the year to come but was ultimately unable to carry on trading due to adverse cash flow, with some clients paying extremely late and one or two contesting outstanding invoices. An additional cited factor was the ‘race to the bottom’ for rates, especially evident within offline.
For some time, it has been clear that the post production market has had simply too much capacity, based on ‘peak 2022 demand’. Recent closures in December included Halo, Evolutions and Wave following a year that saw the demise of heavyweights including MPC, The Mill, Jellyfish and Glassworks. While rumours abound concerning the financial health of a couple of other post houses, it is hoped that capacity might start to more closely reflect demand.
Based off Drury Lane in Covent Garden, Roundtable Post Production was a boutique facility employing eight full time staff at the point it entered administration. Primary work came from feature documentary, unscripted, factual and scripted content.
Founded in 2008, and originally specialising in offline work, Roundtable went on to embrace and build a reputation for picture (4K HDR) and audio (Dolby Atmos) finishing with an emphasis on theatrical feature-length documentaries, especially those requiring archive restoration work, and single documentaries.
Recent feature documentary credits include Unforgotten: The Bradford City Fire, End to End, McEnroe and The Kleptocrats. Recent documentary series credits include Spacey Unmasked, Ghislaine Maxwell: the Making of a Monster and The Playboy Bunny Murders. Recent single documentary credits included Heston: My Life with Bipolar, Salman Rushdie: Through a Glass Darkly and 2024 BAFTA winner, Ellie Simmons: Finding My Secret Family.
Alongside Managing Director, Ben Coulson, key personnel included Senior Colourist, Paul Koren, General Manager Karla Lucas, Online Editor, Tom Stow and Dubbing Mixer, Andrew Harris.
Staff Reporter
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