A South Wales movie studio that has hosted productions together with Upstairs Downstairs and Courageous New World has secured £9m from Bergen Finance to develop its services.
Shadow Holdings is the corporate behind Dragon TV and Movie Studios close to Cardiff.
Following main international streaming firms rising manufacturing of their very own content material post-Covid, Dragon Studios has skilled speedy progress and recognized important new alternatives because it celebrates thousands and thousands of kilos of latest contracts underway with TV and movie manufacturing firms within the US.
Forming a part of a earlier open forged coal mine, the brownfield web site was constructed by Dragon Worldwide Studios in 2007 and initially comprised 4 silent sound levels.
The enterprise was acquired by Dragon (TV and Movie) Studios Wales, headed by director Gethyn Mills, in 2018 and a fifth 30,000 sq ft sound stage and manufacturing base was added, together with places of work, dressing rooms and workshop house. Instantly exterior the levels, there’s a four-acre gravelled backlot appropriate for constructing exterior units in addition to different constructing house out there on the virtually 100-acre web site.
Dragon Studios has hosted a number of high-profile initiatives from Upstairs Downstairs (BBC) to Hollywood studio productions comparable to Will (TNT), The Bastard Executioner (Fox), Courageous New World (NBC Common) and Ironclad (Mythic Worldwide Leisure).
Supported by Bergen Finance, the corporate has refinanced some historic debt and the enterprise lender has additionally supplied further capital to fund Dragon Studios’ continued growth
Tom Man, director of operations at Dragon Studios, stated: “It was refreshing to discover a lender who’s genuinely versatile and appears on the greater image – in contrast to conventional lenders who had been involved we did not ‘match right into a field’, Bergen had been eager to study our strategic imaginative and prescient and CAPEX plans; they recognised the energy of our collateral and had been keen to assist us. We actually appreciated their early engagement and web site go to, taking the time to journey to Wales and meet us nose to nose made an enormous impression on us.
“The truth that they made the trouble to satisfy us in particular person meant that we felt they understood the positioning and the challenge as an entire. The crew labored exhausting to get the deal performed rapidly to satisfy our timescales and had been pragmatic in the course of the authorized course of, working round any points.”
Bergen Finance which is headquartered in London and has places of work in Leeds and Manchester, is backed by European investor and different asset supervisor Arrow International. It lends between £500,000 and £50m to firms throughout all sectors.
Adrian Hogan, director at Bergen Finance, added: “We may see straightaway that Dragon Studios was a strong enterprise – it has sturdy collateral, a powerful monitor document of investing in bettering its belongings, a well-connected and educated administration crew and nice prospects.
“We’re glad to have the ability to assist its continued progress, enabling it to refinance some debt in addition to offering further capital to fund its speedy constructing programme.
“We delight ourselves on being attentive to shoppers’ wants and filling a niche within the lending marketplace for offering bigger sums, even when the collateral does not instantly tick the standardised standards for a lend of this measurement or the enterprise is in a much less mainstream sector.
“It is nice to see our mortgage getting used to fund the growth of a profitable and fast-growing enterprise like Dragon Studios.”