Funtastik Studios Ltd: Insolvency and Companies Court Hearing Scheduled
Funtastik Studios Limited (Company No. 14502793) is listed to appear before the Insolvency and Companies Court on 13 July 2026. The matter, proceeding under case reference CR-2025-008893, will be heard remotely via Microsoft Teams. For creditors, suppliers and corporate finance advisers exposed to the motion picture post-production sector, an appearance on the High Court cause list triggers immediate risk management protocols.
Under the Insolvency Act 1986, the presentation of a winding-up petition fundamentally alters a company's ability to trade, primarily due to the risk of void property dispositions. Professionals must act swiftly to quantify their exposure before the wider market reacts.
High Court hearing details
| Detail | Record |
| :--- | :--- |
| Company Name | Funtastik Studios Limited |
| Company Number | 14502793 |
| Case Reference | CR-2025-008893 |
| Court | High Court of Justice (Insolvency and Companies Court) |
| Hearing Date | 13 July 2026 |
| Hearing Time | 12:30pm |
| Format | Remote (Microsoft Teams) |
| SIC Code | 59120 (Post-production activities) |
Statutory implications for creditors
Funtastik Studios Limited was incorporated in November 2022 and currently maintains an 'active' status at Companies House. A listing in the Insolvency and Companies Court often indicates a creditor has presented a winding-up petition under s.123 of the Insolvency Act 1986, citing an inability to pay debts.
The immediate commercial risk lies in s.127 of the Act. Once a petition is presented, any disposition of the company's property, including standard payments to trade suppliers, becomes void if a winding-up order is subsequently made, unless validated by a specific court order. High street banks routinely freeze corporate accounts upon discovering a petition, severely restricting the entity's working capital.
Currently, there are no statutory notices published in The Gazette regarding this specific case number. The Insolvency (England and Wales) Rules 2016 dictate that a petition must be advertised at least seven clear days before the hearing. The gap between a cause list appearance and a Gazette notice represents a critical window for counterparties to assess their exposure before wider market awareness triggers a rush of supporting creditors.
Counterparty escalation framework
When a client or supplier appears on the High Court cause list, credit controllers and legal teams must execute a rapid exposure assessment.
1. Quantify immediate exposure: Audit all unpaid invoices, unbilled work-in-progress, and outstanding contractual commitments tied to Funtastik Studios Limited.
2. Assess secured debt: Execute a company charge check to identify existing lenders holding fixed or floating charges. Secured creditors rank ahead of unsecured trade suppliers in the event of compulsory liquidation.
3. Review termination clauses: Examine service agreements for specific 'Insolvency Event' triggers. Many commercial contracts permit the immediate suspension of services upon the presentation of a petition, mitigating further unsecured credit risk.
4. Establish automated tracking: Implement free company monitoring to receive immediate alerts if the company's statutory status changes from 'active' to 'liquidation' or if new directors are appointed during the dispute.
Scenario: Managing exposure to a media production petition
Consider a composite scenario involving a freelance visual effects agency supplying services to a post-production house facing a similar High Court petition. The agency discovers the cause list entry two weeks before the hearing. They immediately halt the delivery of final project files, citing the insolvency clause in their master services agreement.
Because they act before the petition is advertised in The Gazette, they avoid extending further credit during the s.127 window. The agency then uses the HMCTS CE-File system to identify the petitioning creditor, revealing it to be HMRC pursuing unpaid PAYE liabilities. Armed with this intelligence, the agency writes off the existing debt provisionally and avoids pouring further billable hours into a fundamentally insolvent project.
Modernising insolvency intelligence
Traditionally, credit risk teams and solicitors rely on fragmented manual processes to track insolvency risks. This involves daily reviews of the HMCTS cause lists, cross-referencing Companies House data via WebCHeck, and manually searching The Gazette for newly published notices. This reactive approach often means professionals only discover a petition after the bank accounts are frozen and the damage is done.
Corp Intel consolidates this workflow. Rather than manually checking multiple government portals, professionals use our winding up petition search to instantly identify active petitions, historical court actions, and supporting creditor details. This provides a single, defensible source of truth, allowing legal and finance teams to act decisively before the wider market reacts.
FAQ
What does a listing in the Insolvency and Companies Court indicate?
It typically signifies that a creditor has presented a winding-up petition against the company for unpaid debts, or an application has been made regarding administration, restructuring, or internal corporate management.
Can a company continue normal trading after a petition is presented?
Trading is highly restricted. Under s.127 of the Insolvency Act 1986, any transfer of company assets or cash after the petition date is void if a winding-up order is made, unless the court grants a validation order. Banks usually freeze accounts to prevent unauthorised dispositions.
Why is the petition not yet visible in The Gazette?
Statutory rules require a petition to be advertised in The Gazette at least seven clear days before the hearing. Cases often appear on the court cause list weeks before this mandatory advertisement window opens.
How can I identify the petitioning creditor?
The petitioner's identity is recorded on the HMCTS CE-File system. Interested parties, such as existing creditors, can obtain copies of the petition from the court to determine if the debt is trade-related or a Crown liability pursued by HMRC.
What happens if the court grants the winding-up order?
The company is placed into compulsory liquidation. The Official Receiver or a designated insolvency practitioner takes control of the entity, the directors' powers are terminated, and assets are realised to pay creditors in statutory order.
To investigate historical petitions, active cause lists, and comprehensive corporate risk profiles, access the Corp Intel company search platform.
Disclaimer: This report summarises entries on the published High Court cause list. The presentation of a winding-up petition or an application is not a legal determination of insolvency. The final outcome is a matter for the court. Companies believing they are named incorrectly should email contact@corp-intel.co.uk.