All redundancies are from the firm's London headquarters where the business has been placed in administration. Picture Canning North, which operates offices at Manchester and Newcastle as a separate franchise, will continue to trade.
Joint managing director Phil Wade blamed market forces for the collapse of the 16-year-old company. 'It's very sad that there's a lack of requirement for value-adding companies,' he said. 'The business is no longer sustainable. There have been some significant changes in the market which means the maths doesn't add up.'
A manager at a rival hire firm said: 'Picture Canning was one of the stronger players and well regarded. We are all under
pressure from production managers who continue to ramp down rates.'
Picture Canning provided dry-hire equipment for multi-camera, OB and studio installations including The F Word for Optomen Productions and Dream Team for Hewland International.It also operated a freelance crewing service.
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