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Ingenious Media

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Ingenious Media
Company typePrivate
IndustryInvestment
GenreInvestment and Advisory Group
Founded1998
FounderPatrick McKenna
HeadquartersLondon, W1
United Kingdom
Key people
Patrick McKenna
(CEO 1998-present)
Number of employees
80
Websitewww.ingeniousmedia.co.uk

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

  1. ^ 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.
  2. ^ https://www.bbc.co.uk/news/business-28311047 (Retrieved 9 October 2014)
  3. ^ http://www.ft.com/cms/s/0/e1d16a40-4a49-11e4-bc07-00144feab7de.html#axzz3FdZXAZp9 (Retrieved 9 October 2014)
  4. ^ https://www.irishtimes.com/news/ireland/irish-news/former-ireland-star-steve-staunton-files-for-bankruptcy-1.2884968
  5. ^ https://economia.icaew.com/news/august-2018/500-investors-sue-ingenious-over-film-scheme
  6. ^ https://www.bailii.org/uk/cases/UKUT/TCC/2019/226.pdf