P2P lender supports film production company

Three years ago, Camden-based 3DD Productions needed funds to produce more programmes, more quickly.

Once it decided to opt for the alternative market rather than a traditional high street lender, the first challenge was to identify an asset against which funds could be secured.

F&P recognised there was value in 3DD’s back catalogue, which the production company owned outright.

This proved ample security and the first round of funding was over-subscribed.

Since receiving the funding, 3DD has increased gross profit margins by 10% (from 38% to 48%), almost doubled its annual programme output to more than 70 hours and has halved film editing time by bringing the process in-house.

3DD – which produces historical and biographical non-fiction programmes, including ‘Murder Maps’, which airs on Yesterday and Netflix – has gone on to secure a further 11 rounds of funding.

Dominic Saville, group CEO of 3DD, said: “Whether you’re a large Hollywood studio or a smaller niche production company like ourselves, acquiring funding can be difficult.

“Not only has F&P helped in replacing our former banking facility, it has also become a strategic partner for growth.

“By independently assessing the value of our archive, F&P has secured several rounds of funding through their preferred P2P platforms, and continues to provide support and advice along the way.

“F&P has a superb understanding of our business and our customers.”

F&P has a portfolio of more than 250 businesses and has facilitated £100m of funding.