£20.4 Million Film Investment Loss Exposes Tax Relief Oversight Gaps

Producer Alan Latham's holding company, Highfield Grange Production Services, has entered liquidation after writing off £20.4 million in film investments. Latham, an accountant-turned-filmmaker, operated through multiple dissolved companies. The collapse triggers fresh questions about how HMRC and the British Film Institute oversee film tax relief—a system where accountants often certify whether spending qualifies for government support.