Aardman is based in Bristol.

Aardman, the studio behind the likes of Wallace & Gromit and Shaun the Sheep, slipped further into the red as it cut jobs during its latest financial year.

The Bristol-headquartered animation company has posted a pre-tax loss of £5m for 2024, having also lost £550,135 in 2023.

Over the same period, Aardman’s turnover declined from £26.7m to £20.9m, new accounts filed with Companies House show.

The employee-owned company said it had budgeted for 2024 to be a loss-making year as it sought to invest in its intellectual property as part of its five-year business plan.

It saw costs rise to their highest on record in 2024 while it made redundancies as part of a wider review of its operations.

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