Only one of the companies owned by Barcud Derwen still has a future this week, following the closure of the majority of the Welsh facilities group.
Administrator Grant Thornton announced on Friday (18 June) that all of the businesses within the group would close, with the exception of Omni TV, which is likely to be sold as a going concern.
It is understood that initially two companies were interested in the Cardiff-based OB firm but, as Broadcast went to press, the administrator said discussions were continuing with just one, thought to be NEP Visions.
A second deal that would have seen the assets of Glasgow’s Arc Facilities sold to a regional facilities group fell through late on Tuesday (22 June).
The closure of the group’s activities has affected Barcud Derwen, Derwen, Barcud Derwen Scotland, Awen, Eclipse Creative and 422 (South), and resulted in the loss of 80 jobs.
Another 30 people were made redundant when Barcud Derwen’s Caernarfon studio division was closed as the group entered administration (Broadcast 18.06.10).
A statement from Grant Thornton said: “The joint administrators made concerted efforts, alongside the companies’ directors, to achieve a going-concern sale of the business and assets of the companies. Regrettably, this has not been possible.”