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Winnersh Film Studios Enters Administration Due “Cash Flow” Problems

Winnersh Film Studios, a UK film and TV complex that most recently housed the production of Ghostbusters: Frozen Empire, has entered administration over what management described as “cash flow” problems due to last year’s labor strikes. 

Irish-based consultancy firm Interpath Advisory was appointed as administrator of Winnersh Film Studios Limited and its parent company, Stage Fifty, on April 2. 

The firm said the studio’s finances took a sharp hit due to the “recent writer and actor strikes,” which it said had a “detrimental impact on cash flow.” Consequently, the senior secured lender, SCIO-Fund SICAV-FIS, to stabilize the business, including seeking the appointment of administrators. Despite the filling, the firm said it is “committed” to keeping the studio operational. 

Greg Branch, director of SCIO-Fund SICAV-FIS and CIO at SCIO Capital, said: “We remain fully committed to Stage 50’s model and vision of creating high-quality, innovative spaces for television and filmmakers. Our priority is to stabilize the business and put in place a foundation upon which Winnersh Film Studios Ltd can move forward.”

Nick Holloway, managing director at Interpath Advisory and joint administrator, added: “The Companies will continue to operate as normal while we assess their position.”

Stage Fifty opened Winnersh in 2022. The studio had 120,000 sq ft of studio space, 25,000 sq ft of offices, and 50,000 sq ft of workshops. The studio sits in a small village in Berkshire, a few miles west of London. 

Stage Fifty also runs Farnborough Film Studios, which has two 22,000 sq ft sound stages and Wycombe Film Studios. Stage Fifty’s other entities, including Wycombe and Farnborough, are not included in this administration filing. 

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