Mojo Bridge, which trades as Halo Post Production and Evolutions and employs more than 90 people, has been placed into administration
Envy, which earlier this year acquired Mojo Bridge, which trades as Halo Post Production and Evolutions, has revealed to Broadcast Tech why it has placed the company into administration, following a strategic review.
In a statement, Envy told us:
It is with deep regret that Mojo Bridge, the company under which Halo Post Production, Evolutions and Relay trade has been placed into administration.
When the Halo Group acquired Evolutions and Relay in August 2024, supported by a new investor, the intention was to bring stability and renewed momentum to two businesses that had already been navigating extremely difficult trading conditions.
In late August this year, Envy was asked to review Mojo Bridge’s operations and explore whether a strengthened structure or revised strategy could help return the business to long term financial health. Envy entered this process with genuine optimism, and with the belief that its culture, operational approach and technical expertise might help chart a viable path forward.
The decision to file for administration follows several months of detailed strategic and financial review. It was taken only after every realistic option had been examined, and only when it became clear that no responsible alternative remained.
Throughout this work, it became increasingly evident that the financial pressures inherited prior to the acquisition were far more severe than initially understood. Despite constructive collaboration and a shared determination to find a solution, the scale of the challenges ultimately made continued partnership unsustainable.
Dave Cadle, CEO of Envy Group, said: “After three years of difficult trading conditions, the UK television and film industry is still facing an exceptionally tough period. A transformed broadcasting ecosystem, combined with wider economic pressures and sector wide strain, has led to the closure of many respected post and VFX companies, including industry leading names such as The Mill, MPC, Jellyfish, Directors Cut and, only this week, Wave Studios. Financial restructuring is becoming increasingly common across the sector, and similar pressures have affected many camera rental companies in recent years.
“We always knew that turning Mojo Bridge around would be challenging. We explored every option we could, but with shareholders unable to commit further funding, the financial realities meant the decision became unavoidable.”
The Envy board added: “This decision was not taken lightly. It followed long, careful consideration. We are sincerely disappointed that we could not find a path forward for Mojo Bridge. Considerable time, resources, expertise and care were invested in the hope of securing a different outcome, and it is genuinely saddening for all involved that this has not been possible.”
The appointed administrators, Oury Clark Chartered Accountants, will now begin reviewing the company’s affairs and determining next steps.
Speaking exclusively to Broadcast Tech, Dave Cadle told us: “We tried to make it work and went into the process truly believing we could try to do something. We didn’t consider a pre-pack as it would give someone else an opportunity to acquire it and potentially saving a lot of jobs as a going concern.”
Natascha Cadle added: “This decision was not taken lightly. It followed long, careful consideration and many difficult conversations. Considerable time, resources, expertise and care were invested in the hope of securing a different outcome, and it is genuinely saddening for all involved that this has not been possible. We are grateful to the staff across all businesses for their commitment during an exceptionally challenging period.”
The collapse of Mojo Bridge means Envy will no longer be able to complete plans revealed to Broadcast Tech only last month, to turn Evolutions’ Sheraton Street HQ into another Envy-branded full post-production house. Envy also planned to leave Halo largely untouched and to let it continue trading under the Halo name.
The future for both Halo and Evolutions, which together employs more than 90 people, is now dependent on whether Oury Clark can find a buyer for Mojo Bridge. It says, “The company is continuing to trade in the short term under the control of the Administrators while options for a sale as a going concern are explored.”
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