Diminished bank lending made traditional borrowing difficult, so 3DD began searching for alternative avenues and found ThinCats through F & P Sponsors Limited, in early 2014. 3DD has received a total of 14 loans through the platform since.
3DD’s CEO, Dominic Saville, describes how the loans have helped drive the business forward: “They enabled us to maintain our capital expenditure on new production strands, as well as rely less on outside post production services at their higher rates.
“Our catalogue of programmes has grown by 300% over the three years and this has allowed the business to widen its buyer base.”
Their global business, dealing with such names as Sky and Netflix, needs a particular contract style with extended payment terms and long-term commitments, necessitating an ongoing funding requirement that ThinCats have been able to support.
ThinCats and F&P understood our business, and the strength of these business relationships, and have been able to see a successful initial three years of working together.
Dominic Saville - CEO