Covent Garden’s The Club has been put up for sale after the company’s owner decided it was not generating enough work to continue trading in its current form.
An insolvency practitioner from business recovery firm Harrison’s has been appointed to administer the sale and all 10 staff have been told that their jobs are in jeopardy unless a buyer can be found.
Owner and managing director Bill Cullen said: “There just hasn’t been enough business, and if you cannot see it getting better, you’ve got to act. Ironically, two big jobs have come in since I made the decision, but it’s too late.”
Post Couture, which trades as The Club, is the second incarnation of the company to face closure after The Club Post Production was put into administration in 2009. That company ran into financial difficulties after a client liquidated and left a large post invoice unpaid.
Formerly known as Frontline Television, The Club provides finishing, editing and audio services - particularly for on-air promo work - to the BBC, Discovery, Channel 4 and MTV.
Credits include promos for the Great Sperm Race (C4).