BFCS, which along with Rose Hackney Barber and the Paul Weiland
Film Company was one of the original six production companies to open in
London, has announced that it is to close down.
Partners Michael Seresin and Derek Coutts have taken the decision to
cease trading in mid-July after more than 30 years in business.
The company is blaming the downturn in the advertising market and the
resulting cut in TV advertising budgets.
A short statement from the company, which represents directors including
Alek Keshishian and Simon Drewitt, stated: "Seresin and Coutts felt it
was no longer viable to maintain the overheads required for a large
The managing director of BFCS, Lynnette Kyme, commented: "Mark-ups are
being shaved. This downturn is completely different (to the 80s). There
is still fantastically creative writing going on but people are
expecting a lot more for their money now. Television is no longer the
most attractive medium to advertise in. Budgets are being spread in
Seresin and Coutts intend to continue directing. "I think they now want
to pick and choose where their time is spent. They are talking to people
who have approached them," Kyme said.