Wild Tracks, one of Soho’s longest standing Pro Tools based audio post houses, has been forced to close due to a lack of work and falling rates.

The Greek Street facility, established in 1987 by owner and managing director Paul Headland, shut its doors on 18 June and has appointed liquidators. All 10 employees will lose their jobs.

Headland had already reduced staff levels through redundancies and natural wastage in an effort to adjust overheads. He had also asked the remaining employees to take a pay cut.

“It’s a tragedy for the staff,” he said. “We tried everything we could to save the company but looking ahead in June the volume of work was appalling and my gut feeling was that July and August were going to be rotten too.”

Only last year Wild Tracks had installed seven ProTools HD systems and 12TB of server storage at its Greek Street studios as part of a£250,000 upgrade to the facility which also included a Sohonet Fibre connection.