Electric Sky Productions appointed administrators last week, citing financial difficulties relating to a specific, unnamed, project, thought to be Lost Worlds, an explorer series for Discovery.
It is understood that there were production staff working in the show in Borneo as the financial crisis hit Electric Sky.
FRP Advisory, the administrator for Electric Sky Productions, confirmed late Friday that Electric Sales Limited had also entered administration. All three Electric Sky companies are now in administration, with BTV Post also going through the process.
FRP said the sales arm of Electric Sky has suffered “a sharp deterioration in trading and shortage of cash-flow”.
Its assets will be offered for sale in tandem with those of the production and post-production groups. The companies are legally separate entities working out of the same premises.
The administrators confirmed 21 staff have lost their jobs. Four staff are still in place to help with the sale of the companies, which are based in Brighton and run by founder David Pounds (pictured). Pounds is among those that remain.
Prior to setting up Electric Sky, Pounds was, between 1993-1996, managing director of factual content company TVF.
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23 February 2018 @ 18:01:34 UTC