Production facilities provider ADF will float on the London Stock Exchange, the company has announced, trading at 50p per share.
ADF raised £18.4 million with institutional investors, for a projected valuation of £37.8 million, as it seeks to grow its revenue to £100 million.
The company has an estimated 35 per cent market share, providing its 500 trailers and vehicles to the likes of Netflix, Sky, BBC, ITV, Disney, HBO and Apple, for such productions as The Crown, Gangs of London and Peaky Blinders.
ADF noted it is the only high-volume facilities provider in Europe that is approved by the industry’s environmental body albert.
ADF CEO Marsden Proctor said: “The UK is enjoying a boom in investment in infrastructure and high-end TV and film production, driven by the world’s streaming giants and their subscribers’ insatiable appetite for box sets and films.
“According to the British Film Institute, making film and high-end TV shows in 2021 will have hit £6 billion, more than double the spend in 2020,” he continued. “As an established business with a reputation for excellence, high-quality production facilities and a strong network of contacts throughout the industry, we are very confident in the long-term opportunities for the company.”
