Mission Digital - In administration

What has happened to the above DIT company, is the company failing or will it make it through this situation, will people be left unpaid, or sadly lose their jobs? This seems to be happening more & more, where does it end?

https://find-and-update.company-information.service.gov.uk/company/07688023

Is this a wider problem with the UK film & tv industry is it just contracting at such a rate more companies will now just fail? It is it really that bad out there, that even established companies can no longer survive?