Major UK film company led by veteran studio executive enters administration

A major British film company that has helped distribute major releases has entered administration.

True Brit Entertainment, which specialises in co-financing and producing British film and television projects, was founded by veteran film executive Zygi Kamasa in 2023.

Mr Kamasa has overseen the financing of more than 50 British films and led the UK release of over 300 titles, including global hits such as The Hunger Games and La La Land.

True Brit Entertainment’s website describes the company as "a leading British film distributor that specialises in acquiring UK rights for theatrical release and exploiting them fully within the UK".

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The company has supported British productions with budgets between $5 million and $30 million and was backed by entertainment firm Three Six Zero.

True Brit has distributed titles including Giant, Marching Powder, and Sunny Dancer, which stars Bella Ramsey.

This year, it distributed Hugh Jackman’s The Death of Robin Hood, released in the UK just last month.

True Brit Entertainment enters administration after 3 years

Now, after 3 years, having been founded in 2023, True Brit Entertainment has entered administration.

Lloyd Hinton and Kelly Knight, both of Insolve Plus Ltd, were appointed joint liquidators on October 5, according to The Gazette.

In a statement shared with Deadline, Kamasa said: “In extremely challenging market conditions, the company has taken the difficult decision to enter administration.

“An independent specialist has now been appointed to oversee the company and assess the options available, with the aim of achieving the best possible outcome for the company and its creditors.”

True Brit Entertainment has been contacted for comment by Newsquest.

What happens when a company goes into administration?

When a company enters administration, it means that it is unable to pay expenses, debts, or other liabilities, according to SquareUp.com.

Companies House adds: "When a company goes into administration, they have entered a legal process (under the Insolvency Act 1986) with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems.

"An appointment of an administrator (a licensed insolvency practitioner) will be made by directors, a creditor or the court to fulfil the administration process."

A statutory moratorium is put in place once a company enters administration, giving it "breathing space" to allow for financial restructuring plans to be drawn up free from creditor enforcement actions.

A company can continue to trade while in administration, but daily management and control are handed over to the administrators.

Companies House continues: "Within 8 weeks it is the administrators’ role to formulate administration proposals.

"Creditors are then asked to vote by a decision procedure to approve the administrators’ proposals.

"If the administration involves a sale of all or part of the company’s business, the proceeds (after the costs of the procedure) will be distributed to creditors in a statutory order of priority."

Administration will end automatically after 12 months unless the administrator asks the court or creditors for an extension.

Through administration, a company can be:

Other UK companies that have closed or entered administration/liquidation in 2026

It has been a tough year for the UK high street, with several retailers entering administration or liquidation and others announcing widespread store closures.

Major high street brands LK Bennett, Claire's, Quiz and Leading Labels have been forced to close all their remaining stores after falling into administration.

TG Jones and the British Heart Foundation will also be closing around 150 stores each across the UK.

Popular UK-based online platform Laced, used for buying and selling rare trainers, is also set to close down after 11 years, having fallen into administration.

Meanwhile, iconic fashion brand Nasty Gal has shut down its website after being sold by Debenhams in a deal worth around £12 million (US$16 million).

Other retailers that have been forced to close stores this year include the likes of River Island, Primark, Brewdog, and more.

In the food sector, Whitbread notably closed all its branded restaurants across the UK last month, including all of its Brewers Fayre and Beefeater sites.

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Several UK travel companies have ceased trading or entered administration in 2026, as well as four UK airlines having fallen into administration or liquidation, which are:

It hasn't all been bad news for the UK high street, with several major brands announcing new store openings for 2026, including Joules, Aldi, M&S, and Superdrug.

Meanwhile, brands including Evans, Karen Millen and Bodycare have returned to the UK high street this year after previously closing all their stores.

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