Movie trailer provider ADF puts in a stellar performance
Star turn: ADF has supplied vehicles for major productions, including the latest Netflix series The Crown (pictured)
A supplier of prop and make-up vehicles used on UK film and TV sets has seen its half-year profits more than double amid growing demand for British facilities.
But ADF warned that the ongoing strike in Hollywood was beginning to affect business as multiple filming projects were put on hold.
The firm’s facilities have hosted major productions, including the latest series of Netflix’s The Crown.
ADF reported a pre-tax profit of £2.7m for the six months to the end of June, up from £1.3m last year, while revenue rose to £21.8 million pounds sterling from £12.6 million pounds sterling.
The company noted “increased demand” for its trailers and trucks during the period from US giants such as Disney, Apple and Amazon as they sought to bolster their library of streaming content.
But ADF admitted that strikes by actors and writers in Hollywood were weighing on its performance in the second half of the year, with filming on several productions involving the company suspended until 2024.
ADF shares fell 2.3 per cent, or 1.2p, to 51p yesterday.