Dinamo Productions Limited, the animation studio involved in popular BBC children’s show Rastamouse, has entered administration.
David Hill and Stephen Wade of Begbies Traynor were appointed as joint administrators on 26 June 2013.
Wade said: “We are looking forward and exploring options where the Dinamo brand will continue to produce and develop content collaboratively with UK and international partners.”
Dinamo Productions entered administration following a “challenging few years for the animation industry in the UK as a whole and the on-going commitment to a large production facility has become a burden on the company’s finances.”
Prior to the appointment of administrators, Dinamo Productions ceased trading and 27 staff were made redundant.
Company directors are now seeking finance to fund investment and create new production partnerships to secure the business’ future.
Administrators are hopeful “the company’s heritage will survive through a sale of the business and assets.”
Dinamo Productions, which is based in Pontypridd, is best known as an associate producer on BBC children’s hit Rastamouse with Three Stones Media and DHX, which sells the show internationally.
It is also a co-producer on preschool series Abadas, along with Dublin’s Kavaleer Productions.
The studio has previously produced content for the BBC, S4C and CiTV in the UK, as well as Al Jazeera Children’s Channel, Disney and South Korea’s EBS in international markets.