16 May 2023
Facilities by ADF plc
("Facilities by ADF", the "Company" or the "Group")
Annual Report and Accounts
and Notice of Annual General Meeting
Facilities by ADF (LSE: ADF), the leading provider of premium serviced production facilities to the UK film and high-end television industry, announces that, further to its final results announcement on 2 May 2023, the Group's Annual Report and Accounts for the year ended 31 December 2022 (Annual Report) and Notice of Annual General Meeting (AGM) have been posted to shareholders and are available for download on the Company's website www.facilitiesbyadf.com.
The Company will hold its AGM at 11am on Monday, 26 June 2023 at Kitsmead Lane, Longcross, Lyne, Chertsey, KT16 0EF.
For further enquiries:
| Facilities by ADF plc Marsden Proctor, Chief Executive Officer Neil Evans, Chief Financial Officer John Richards, Chairman
| via Alma PR
|
| Cenkos (Nominated Adviser and Broker) Ben Jeynes / Max Gould / George Lawson - Corporate Finance Alex Pollen - Sales
| Tel: +44 (0)20 7397 8900
|
| Alma PR (Financial PR) Josh Royston / Hannah Campbell | Tel: +44 (0)20 3405 0205 |
OVERVIEW OF FACILITIES BY ADF Group
Facilities by ADF plc is the leading provider of premium serviced production facilities to the UK film and high-end television industry ("HETV"). Its production fleet is made up of over 600 premium mobile make-up, costume and artiste trailers, production offices, mobile bathrooms (known as honey wagons), diners, school rooms and technical vehicles. The Group provides these production facilities and additional services after a planning process with its customers held in advance of filming. In servicing productions, ADF staff are available on site and each production is allocated an account manager who acts as a single lead point of contact during filming.
In November 2022, ADF acquired Location One Ltd, the UK's largest integrated TV and film location service and equipment hire company, bringing highly complementary services and providing cross selling opportunities to the enlarged Group, as well as delivering efficiencies through central services.
The Group serves customers in an industry that has experienced significant growth in recent years, with additional demand driven by a material rise in the consumption of film and HETV content via streaming platforms such as Netflix, Disney, Apple and Amazon Prime. The UK film and TV industry has directly benefited during this growth due to the quality of its production facilities and studios, highly skilled domestic workforce, geography, accessibility to Europe, English language environment and strong governmental support. Major US streaming companies have now set up permanent bases in the UK, with the UK now Netflix's third largest operation after the USA and Canada.
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