Firm owes £150k over film (New Fangled Wandering Mistrel Show featuring Olivia Newton-John and Georgie Fame)
THE FIRST cheque for £5,000 written by the financial backer of a musical film starring Olivia Newton-John and Georgie Fame was dishonoured, creditors heard at a meeting in London yesterday.
Rehearsals and shooting arrangements were already under way and the film’s producers had to seek new finance, said Assistant Official Receiver John Sell.
Peverstone, the company that made the film, The New Fangled Wandering Minstrel Show, was said to have debts of about £150,000 due to 76 creditors.
The film was shot entirely on location in the City of York. There was no dialogue only singing and dancing.
The film was to have cost £72,000, said Mr Sell. the directors had said finding alternative funds caused delays and the company exceeded its budget.
Creditors’ hopes depended entirely on a successful sale of the film to television.
Mr Sell said Mr Louis an “Buddy” Bregman, American, Mr Roger L. Simons and his wife, Jane, were the directors.
Creditors nominated London chartered accountant Mr Norman Russell liquidator. as
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