London-based Embargo Films has joined Vertigo Films to co-produce Nick Love’s “The Sweeney,” a bigscreen update of the 1970s TV cop series.

The Sweeney,” which starts shooting next week, stars Ray Winstone and Ben Drew as tough detectives in the Flying Squad, the London police unit dedicated to fighting armed robbery.

Script is by Love and John Hodge. Budget is $5.5 million, with pre-sales to Entertainment One in the U.K. and Square One in Germany.

It’s the third feature co-produced by Embargo in its first year following Barnaby Southcombe’s thriller “I, Anna” and Luis Prieto’s remake of Danish cult hit “Pusher.”

Embargo, a production and financing company, was set up by Southcombe and producer Felix Vossen, and joined by producer Christopher Simon. It’s backed by London-based film fund Exponential Media Group. “This first year for Embargo has gone better than we dared to hope, both creatively with the films that we have been able to produce and finance, and in building the company,” Vossen said.

“I, Anna,” which is near completion, stars Charlotte Rampling (Southcombe’s mother), and Gabriel Byrne. It’s a co-production between Embargo, Ilann Girard of Gaul’s Arsam Intl. and Michael Eckelt of Hamburg-based Riva Film. Artificial Eye has U.K. rights with pre-sales also to NFP/Warner Bros. in Germany and ABC/Cinemien in Benelux.

“Pusher,” also in post, is an Embargo-Vertigo co-production. It’s an English-language remake of the 1996 drug thriller by Danish helmer Nicolas Winding Refn. Cast includes Richard Coyle, Agyness Deyn and Zlatko Buric, reprising his role from the original film.