Sumners, once the biggest post production company outside London, has closed its MediaCityUK base and called in a firm of liquidators.
Co-founder Andy Sumner told Broadcast that the decision to close came after a “significant change of policy” by its funders as well as a “southward drift of post production work”.
He said: “We are working hard to resolve the situation, and are currently in discussions with business advisers, valuers and individuals who are considering buying the complete facility.”
Manchester-based The Business Debt Advisor has been appointed to advise the directors and shareholders of the company.
Staff have been informed and work on CBBC series World’s End has been transferred to Timeline North, also based at MediaCityUK, while the BBC is looking for another company to work on The Dumping Ground.
Regarding the outstanding payments to freelancers, Sumner added that “we are working hard to make sure everybody is paid what they are owed”.
The news represents a sad end for one of the North’s most established post production houses.
Founded in 1992 by Andy and Janet Sumner, the company turned over £5m in its heyday and was the largest such facility outside London.
The first hints of serious trouble came in late 2012 when it laid off a third of its workforce and relocated to smaller premises in MediaCityUK, relaunching with the aid of a company voluntary arrangement.