It grew out of film screenings at the Better Books bookstore, part of the 1960s counter-culture in London. and was founded by, amongst others, Steve Dwoskin and Bill Cobbing, inspired by Jonas Mekas's The Film-Makers' Cooperative in New York. One difference between the New York Co-op and the LFMC was that the LFMC was organized as an egalitarian, worksharing cooperative, which assisted production as well as distribution.
It initially had close links with American experimental cinema. Dwoskin and Peter Gidal were ex-Factory artists and Carla Liss ran the co-op's distribution archive
Filmmakers associated with the group include Malcolm LeGrice, Peter Gidal and William Raban, who managed the LFMC workshop from 1972 - 76. Sally Potter made several short films at the LFMC in the early 1970s.
Work produced by members of the LFMC in the late 1960s and early 1970s has been labelled Structural Film.