Auctioneer mjQ has been tasked with selling off the studio's assets, according to Pro Sound News (prosoundnewseurope.com).

The Sanctuary Group bought the freehold of the studio in 2002. It closed the main studios in September 2006, but kept the mastering facility open.

Then, in January 2007 Sanctuary announced that Stone was to take over control of TownHouse, after updating the control rooms and the main public areas.

However, in June 2007 Universal bought Sanctuary, throwing the future of TownHouse into ...