Newly filed accounts of the production company created by Grand Tour presenters Jeremy Clarkson, Richard Hammond and James May have suffered massive losses since the start of the pandemic. The company, W. Chump & Sons Limited, saw its turnover drop from Â£ 25million in 2019 to just Â£ 3.5million in 2020.
With the expenses the company recorded a loss of Â£ 335,000 in 2020, compared to a profit of Â£ 412,000 in 2019.
A note on the company’s annual accounts noted the following:
âDirectors looked at the effect of the Covid-19 outbreak over the year.
“Due to international travel restrictions still in place, the production schedule has resumed with UK-based productions, so directors continue to adopt the going concern basis of accounting when preparing statements. final. “
As in 2019, the company’s four directors, Jeremy Clarkson, Richard Hammond, James May and Andy Wilman, did not receive dividends in 2020. Currently the company owes Â£ 5million to creditors who will be repaid in the year. , and its current assets stand at Â£ 5.4million. After tax, the company owes HMRC Â£ 33,642.
Equity increased from Â£ 4.2million in 2019 to Â£ 3.8million in 2020.
The company was formed as the showrunners were building their car show for Amazon Prime Video for Â£ 160million. The name W. Chump & Sons comes from the mixture of the initials of the founders.
The current accounts also state: âThe leaders wish to continue to focus on the production of quality programming while ensuring the stability of the company’s overheads.
“The directors are satisfied with the results for the year and the financial position at the end of the year and will continue to seek business opportunities as they arise in the future.”