Glasgow firm has gone into administration with 162 jobs lost

Administrators have been appointed to animation studio Axis Productions Limited and Axis VFX Limited, which is based in the city and has a presence in Bristol. 

The studio grew to be Scotland's largest animation studio by 2008 and has worked on a number of large-scale projects in the television, film and video games industries. 

Alistair McAlinden and Geoff Jacobs of Interpath Advisory have ceased production on all projects and made 162 employees redundant. 

The joint administrators are seeking operators to continue with the live projects.

Mr McAlinden said: “It is a great shame to see a creative business in Scotland close its doors. Axis has been a studio of choice for key production companies and has produced content for household names such as the BBC, Netflix and Blizzard Entertainment.

"The Company experienced a high demand for its services during COVID as animation and visual effects for TV, film and videogames skyrocketed.

“Unfortunately, however, Axis has more recently been impacted by a decline in customer projects, as well as increases in labour costs which have resulted in severe cash flow problems. The directors worked tirelessly to explore alternative solutions, but ultimately had to take the difficult decision to seek the appointment of administrators.”

Axis employed 166 members of staff, but some will be kept to help joint administrators with the orderly wind down and pass on their knowledge. 

Mr Jacobs added: “Our priority is to give employees support in the first instance. We would encourage any party with an interest in Axis’ live projects to contact us immediately.”

Creditors of Axis are advised to contact the joint administrators via axisadministration@interpath.com.