Alternative Finance Provider ThinCats Provides £1.2m Funding for Electric Theatre Collective
Electric Theatre Collective Ltd, professional producers of visual effects has been provided with £1.2m cashflow funding by ThinCats, the leading alternative finance provider to mid-sized SMEs.
Established in 2011, Electric Theatre Collective is a visual effects company with a focus on producing high-end moving images for commercial advertising and the visual creative arts. Their expertise also includes film, gaming, online advertising and music videos, working with CGI, 2D, animation and colour grading for screens from the smallest spy device to the largest cinema screen. The company produces campaigns for brands such as Adidas, Apple, Ikea, Sky and Amazon. It works with major network agencies such as AMV BBDO and Saatchi & Saatchi as well as younger, creatively focused independents like Mother, Uncommon and Pablo.
Electric Theatre Collective was introduced to ThinCats by Paul Yorath at First Financial Solutions, an independent financial adviser based in Buckinghamshire. Paul has been working closely with Stephanie Tindle (COO at Electric Theatre Collective) and the management team.
Says Jon Purton, MD, Electric Theatre Collective: “I am understandably proud of the creative reputation ETC enjoys and of the collection of industry awards we have garnered. Business like ours depends on its ability to attract high quality talent and clients. We are fortunate to enjoy the support of both. The visual effects market for brand campaigns is particularly dynamic at the moment and we are in a great position to take full advantage of the growth opportunities this presents.
“The industry as a whole has had a tough year but ETC has performed particularly well. We have big plans for the future and the ThinCats funding is fundamental to underpinning those plans.”
Dave Sherrington, regional head of sales, London, ThinCats, says : “Electric Theatre Collective has a comprehensive strategy for development and growth, and with the incredible skills and experience that the team has, I have no doubt that they will all play out. We are very pleased to have been able to support them at this time and wish the whole team well with their plans.”
Paul Yorath, First Financial Solutions LLP, says: “It has been an absolute pleasure to work with a first class COO in Steph along with the excellent Electric Theatre Collective Partners and Board members. ThinCats have been equally impressive from day 1, through initial fact find, financial due diligence, credit committee to formal offer very quickly, commercially and effectively. It has been a real pleasure to work with all parties involved and I am delighted that ThinCats are supporting Electric Theatre Collective with an excellent financing package that will enable them to execute their medium term business and growth plans.”
Photo, Left to right: Michael Baulk (Chairman), Jon Purton (MD), Stephanie Tindle (COO)