Film firm finds new funding for foray into internet television programming

Oct 28 2009 by Andrew Mernin, The Journal

Its growing order book includes work on a Doctor Who DVD project, a contract with Monster Travel, and it is also currently conducting an IPTV pilot scheme with a unnamed bank.

It is also making waves overseas with two recent contracts with online gambling firms based in Israel, and a multi-national fragrance company from Switzerland, which involved filming footage in Uganda.

Mr Salam said: “With full order books well into next year, we knew we needed financial support to continue to move the company forward and to fulfil the order book.

“We approached our existing bankers at the time and, despite the company’s track record and continuous growth, they were unable to assist us.”

The company’s new funding facility has been provided by Royal Bank of Scotland (RBS) through the Government’s Enterprise Guarantee Scheme, which is designed to give businesses the necessary working capital or investment they need.

The facility was secured after Dene called in Rose Lewis from finance and advisory group Pembridge Partners to explore funding options.

Ms Lewis said: “Lenders have tightened their belts over the last few months but we are aware that, if presented with the right business case, banks are willing to lend.”