Molinare TV and Film has moved out of its D’Arblay Street premises as part of cost-cutting measures that could also see a round of redundancies at the post firm.
The Soho post facility, which took on the D’Arblay Street base when it acquired Fusion in 2006, is now consolidating its operation at its two Foubert’s Place buildings.
Molinare chairman Steve Milne said he was “staggered” that the company’s previous management had extended the D’Arblay Street lease in April.
“D’Arblay was always a bit of an annex, and consolidating to two buildings was in our turnaround plan for the business,” Milne said.
Milne led a consortium that acquired Molinare in a pre-pack administration deal after it was put into administration in June by previous owner Century Communications.
“By moving, we have lost eight offline suites, but there’s a lot of space [at Foubert’s Place] we can develop, so our capacity will remain at around 45 offlines,” he said.
Molinare is also mid-way through a 30-day consultation with some staff, which is being led by new managing director Julie Parmenter.
Milne declined to say how many redundancies could arise as a result of the process.
Some of the senior management team, including former commercial manager Andrew Boswell, head of finance Gautam Mahipal, head of factual John Jamieson and head of business Richard Conway, have already left the business.
“We are acting to lower our future cost base,” said Milne.
The latest series of Don’t Tell The Bride and The Bible, for the History Channel, moved from D’Arblay Street to Foubert’s Place at the weekend.
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