A CONSORTIUM led by Steve Milne has acquired post-production effects and editing specialists Molinare in a pre-pack administration deal.
The pre-pack sale of Molinare to former owner Steve Milne via his new venture British Film Company was handled by business recovery specialists Springfields.
Molinare, involved with the production of cinema blockbusters such as Ridley Scott's Prometheus, was put into administration on 7 June by previous owner Century Communications.
Situl Raithatha, administrator from Springfields, said the sale delivered the best outcome for employees and customers alike.
"The purchase also included two leasehold premises and secures the future of a very well-known brand in London, delivering specialist services to the film and broadcasting industry," Raithath said.
You may also like
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.