London animation studio GFM Animation wound up on HMRC petition

HMRC petitioned the court on 22 January and the winding-up order was made on 9 September, with the notice published on 14 September. The company, incorporated in 2019, had eight employees according to its most recent accounts.

This is a compulsory liquidation rather than an administration, meaning assets will be realised and sold off rather than the business continued as a going concern. Any interest in contracts, equipment or footage would need to be pursued through the liquidator, with Crown claims ranking ahead of unsecured creditors.