LipSync Post, the post-production company with credits ranging from Wolf Hall: the Mirror and the Light, Small Axe and Ghosts to Oscar-winning movie The Brutalist, has entered administration.
The Soho-based company has appointed insolvency practitioners on 15 May, with a sale expected to be announced this week.
In a statement, it said it was “business as usual” until the process has been completed and it has yet to make any of its 69 staff roles redundant.
LipSync’s work spans VFX, sound, grading, design, online services and financial investment.
Formed in 1984, it is managed by parent company Glenthorp Ltd, which is owned by Lipsync managing director Peter Hampden and finance director Norman Merry.
In LipSync’s most recent earnings, for the year to July 2023, revenues rose by 44% to £36m and it reported a pre-tax profit of £1.4m.
The process comes three months after VFX and post-production facility Technicolor brought in administrators and made most of its 440 staff roles redundant.
