Ingenious Media
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Company type | Private |
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Industry | Investment |
Genre | Investment and Advisory Group |
Founded | 1998 |
Founder | Patrick McKenna |
Headquarters | London, W1 United Kingdom |
Key people | Patrick McKenna (CEO 1998-present) |
Number of employees | 80 |
Website | www |
Ingenious Media (styled as INGENIθUS) is a division of London-based Ingenious Capital Management Limited, also known as Ingenious. The company was founded in 1998 by Patrick McKenna.
Productions funded by Ingenious Media include:
· Borat, 2006
· Avatar, 2009
· Life of Pi, 2012
· Carol, 2015
· Brooklyn, 2015
· On Chesil Beach, 2018
· Adrift, 2018
. Blinded by the Light, 2019
Future Projects
In 2018, Ingenious media partnered with Solstice Studios,[1] to produce and distribute theatrical feature films.
Tax Avoidance Case
In July 2014, Ingenious Media was investigated by HMRC for promoting tax avoidance schemes.[2] In October 2014, HMRC sent "accelerated payment notices" to people who had invested with Ingenious Media, demanding payment of substantial amounts of tax.[3] The tax bill following his investment in the scheme was cited in the subsequent bankruptcy hearings of the former Liverpool and Republic of Ireland footballer, Steve Staunton [4]. In 2018, a group of more than 500 investors launched a civil case against Ingenious for making false representations[5] which Ingenious had always denied. Ingenious (specifically Ingenious Games LLP, Ingenious Track Productions LLP and Ingenious Film Partners 2 LLP) lost their appeal against HMRC's initial ruling in June 2019, with the Upper Tribunal ruling that "None of the LLPs were carrying on a trade. None of the LLPs were carrying on a trade with a view to profit"[6]
References
- ^ D'Alessandro, Anthony (2018-10-02). "Mark Gill, Andrew Gunn, Guy Botham & Vincent Bruzzese Launch Solstice Studios; Teams With Ingenious Media On Theatrical Releases". Deadline. Retrieved 2018-11-20.
- ^ https://www.bbc.co.uk/news/business-28311047 (Retrieved 9 October 2014)
- ^ http://www.ft.com/cms/s/0/e1d16a40-4a49-11e4-bc07-00144feab7de.html#axzz3FdZXAZp9 (Retrieved 9 October 2014)
- ^ https://www.irishtimes.com/news/ireland/irish-news/former-ireland-star-steve-staunton-files-for-bankruptcy-1.2884968
- ^ https://economia.icaew.com/news/august-2018/500-investors-sue-ingenious-over-film-scheme
- ^ https://www.bailii.org/uk/cases/UKUT/TCC/2019/226.pdf
External links