Shining the spotlight on P2P funding
Three years ago, documentary make 3DD productions needed funds to make more programmes more quickly and decided to look beyond high street lenders.
Since using F&P from the alternative market, the production company halved film editing tie, increased gross profit margins by 10% and doubled its annual programme output.
The asset used as security of funds was 3DD’s back catalogue which it owned outright.
Dominic Saville (pictured), chief executive at 3DD Productions, said: “Whether you’re a large Hollywood studio or a smaller niche production company like ourselves, acquiring funding can be difficult.
“Our customers (ie: the channels that buy our programmes) often have extended payment terms.
“By independently assessing the value of our archive, F&P has secured several rounds of funding and continue to provide support and advice along the way.”