Leeds-based VTR North is considering voluntary administration.
The company, which was established in 2005, provides post-production and visual effects services for broadcast and advertising clients.
Broadcast understands that accountancy and business recovery firm Cowgill Holloway has been appointed by the post company.
VTR North managing director Spencer Bain said the firm needed to restructure following the “fallout” of the closure of its Manchester office. VTR North opened a 3,000 sq ft facility in Manchester in early 2012, and closed it in December last year. The facility included a Flame Premium visual effects site, a graphics suite and a 5.1 dubbing theatre.
Bain said: “We are restructuring the company to make sure it has the strongest platform on which to go forward. Administration is on the table, along with other things on which we are waiting for advice.”
He said he envisaged it would be “business as usual” for VTR North: “We have done some fantastic work over the past 11 years and we will continue to do so.”
VTR North’s credits include Show Me Show Me (pictured) for CBeebies, How to be Epic @ Everything for CBBC and commercials for the likes of B&Q and Stan James.