The company, which was set up in 1979, has been hit by a slow trading year and the shifting of some of its biggest post-production contracts to 2006. Managing director Jonathan Wales said: "We have always had to overcome the issue of being outside Soho."
Lynx is currently seeking a buyer for all or part of the business. Administrator Gareth Roberts from Hurst Morrison Thomson told Broadcast: "The business will continue trading while I seek a buyer on a going concern basis." According to Roberts, tangible assets include editing suites and£1.5m of work in the pipeline including post-production on shows such as Tweeniesand Teletubbies.
Eight of the company's 14 staff have been made redundant including the company's head of graphics and two editors, although six staff have been retained while a buyer is sought.