Ingenious Media

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.

Ingenious Media
Private
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

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

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


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