Angad Paul, one of the businessmen that financed Guy Ritchie's Lock, Stock And Two Smoking Barrels and Snatch, has launched his own film business.

The 31-year old executive has bought UK sales outfit Victor Film Co and formed AV Pictures with Victor chief, Vic Bateman. AV is a subsidiary of Caparo Group, the business run by the Paul family that has interests spanning steel processing, engineering and hotels.

The new company, which will be managed by Paul and Bateman, takes over Victor Film's library and current projects. The sales outfit is best known recently for handling British werewolf flick Dog Soldiers.