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Valentia Realisations Limited (formerly Jellyfish Pictures Limited) – in Admin
Find out moreAnimation and VFX studio Jellyfish Pictures has gone into administration.
Founded in 2001 and based in London, Jellyfish Pictures is an international studio, that has worked with clients including Disney, Netflix, DreamWorks, HBO, Sky, the BBC and Amazon.
In common with a number of other companies across the visual arts and creative industries, the Company had experienced challenging trading conditions for some time as a result of high cost inflation and the cumulative impact of the writers and actors’ strikes which caused projects to be delayed or cancelled.
In response to these challenges, the directors sought to undertake a review of their investment options, including exploring options for sale and refinancing, but with no solvent options available, they took the difficult decision to file for the appointment of administrators at the main UK trading company of the Jellyfish Pictures group.
Shortly before the appointment of the administrators, the Company ceased operations. As a result, and with no prospect of trade resuming, the majority of the Company’s 69 employees were made redundant. A small number have been retained by the joint administrators to assist them as they take steps to wind down the business. The joint administrators will be providing support to those impacted by redundancy as a matter of priority, including supporting them with claims to the Redundancy Payments Service.
Howard Smith, managing director at Interpath and joint administrator, said: “Sadly, this is the latest in a series of insolvencies across the animation and visual effects industry as studios up and down the country continue to battle fierce economic headwinds”. Interpath have appointed CAPA to carry out an audit over the companies property portfolio.
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QUICK REACH POWERED ACCESS LTD - In Administration
Find out moreOn 8 May 2025, Michael Magnay and Gemma Quinn of Alvarez & Marsal Europe LLP were appointed as Joint Administrators of Quick Reach Powered Access Ltd.
The Manchester based Powered Access Company with a wealth of experience in the plant hire industry operated from 8 locations.
CAPA have been appointed to carry out a full property audit over the portfolio.
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CASE STUDY – RATING CONSULTANCY
Find out moreOffices – Merseyside Region
Following the company entering Administration, the operation of the business continued to trade through under the management of the Administrator. Existing tenants remained in occupation under all-inclusive rental agreements, with business rates liability continuing as an expense of the Administration. A proposal was submitted to split the assessment into occupied and vacant parts. The savings to the Administration Fund to-date exceed £250,000 and will continue until the property is sold.
If you are an Insolvency Practitioner with a similar case, please contact us for further assistance.
For more information, contact:
Nicola Hainey
Head of Business Rates
+44 (0) 7513 126 129
nicola@capa.uk.com
R3 2025
CAPA are very proud to be main sponsor of 2025's R3 Annual Conference.
The conference theme is ‘Embracing change – shaping the profession to be fit for the future’ and the conference programme will explore how we can embrace, harness and drive change to shape the profession.
The R3 Annual Conference 2025 will be held on 7th-9th May in St. Julian's, Malta.
More information on the conference can be found on R3 Website
The 500 Club
CAPA are proud to be joint hosts of the 500 club. The 500 Club is a series of informal networking events. The invitation-only events are held throughout the year at locations across the UK, including London, Manchester, Birmingham, Leeds, Glasgow, Bristol and others.
The 500 Club events bring together like-minded professionals from the legal, insolvency, finance and property sectors (and more) for drinks, nibbles and, most importantly, good conversation. Typically, you can expect to meet lawyers, insolvency practitioners, lenders and related professionals at The 500 Club events. The 500 Club - Networking events - ESA Risk
