TK One founders Alf Penn and David Yeo are to resurrect the archive and film restoration business next month by opening a new facility in Covent Garden.

TK One was ‘parked’ in 2008 while the two industry stalwarts worked as part of Ascent Media’s Soho Film Lab department.

Penn and Yeo have now taken voluntary redundancy and are to move in with post house The Club, where they will offer grading, transfer and restoration services to broadcasters, archivists and film libraries.

“We will specialise in looking after the difficult jobs that other facilities cannot be bothered with,” said Penn. “Within 12 months we hope to be able to offer a full restoration package in both SD and HD.”

Kit that was used in the original incarnation of the company, including a Cintel Ursa Diamond wet and dry gate telecine suite, will be taken out of storage and integrated into the Bedfordbury building.

Initially, a freelancer will be employed to carry out the grading work, but a permanent colourist will be considered once the business is up and running.

Former M2 Television managing director and now freelance post-production consultant Tom Jones is helping to set up the facility, while former Virgin Media Television post-production manager Dan Marbrook is providing business consultancy.