BusinessBusiness RecoveryFRP Advisory administrators lay off 450 people at photography studio

FRP Advisory administrators lay off 450 people at photography studio

Philip Armstrong and Geoff Rowley appointed administrators to Doubletake Studios

FRP ADVISORY administrators have been appointed to London-based photography studio Doubletake Studios.

Philip Armstrong and Geoff Rowley, (pictured) partners at FRP, have made 450 full-time staff and a further 350 contractors redundant.

About 355 staff were employed at the company’s studios in Farringdon, 166 in Birmingham, 156 in Manchester and 136 in Southampton.

Armstrong said: “The situation is regrettable, but having explored options it was found that Doubletake Studios Ltd was not viable for a sale as a going concern and we were forced to begin the shutdown process.”

“Despite exploring payment options with HMRC, the company’s historic debt and the company’ s short term cashflow proved unmanageable, and we are now undergoing the process of closing the business down.

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