Power Corp. Intl., which produced NBC miniseries “Crusoe,” is refusing to comment on rumors that it is about to file for bankruptcy.
On Sunday, local media reported that Lloyds Bank was poised to put Power into administration over repayment of a loan believed to be in the region of £10 million ($15.4 million).
However, other reports suggested that chairman-CEO Justin Bodle had found a new backer to save the company, which styles itself “Europe’s No. 1 independent producer.”
On Monday the outfit was not taking calls at its London HQ.
For months there has been speculation regarding the state of Power’s finances as it battled to repay the Lloyd’s loan.
Power, which in addition to its London HQ runs offices in Los Angles and Miami, has had a high profile on the international TV production stage since bowing in 1995.
Its output includes “Crusoe,” made with NBC Universal, and 2009 mini “The Day of the Triffids.”
Power, which also has a distrib arm, was the recent recipient of a Queen’s Award for Enterprise, given on the back of its strong showing in the U.K. TV export market.