Elstree Film Design - a company producing video, animation and interactive content that also specialises in working with young people - approached Hertfordshire Growth Hub for help raising its profile amongst local businesses, with the aim of doubling its turnover annually for the next five years.
After an initial review to identify Elstree Film Design’s aspirations and challenges, Hertfordshire Growth Hub’s team of advisers worked with the company to help it reach its targets. To raise its profile amongst local businesses, Elstree Film Design joined the Chamber of Commerce and subscribed to tenders for potential contracts being advertised. The company also joined the Growth Hub’s ‘Marketplace’ – a free online business directory for businesses to source services locally.
For its growth plans, the company met with Martin Carr, Specialist Finance Adviser, who conducted a financial analysis of the business. The analysis identified how Elstree Film Design should prioritise its activities to drive maximum profitability and achieve its targeted growth.
Elstree Film Design was also keen to find sources of growth finance. After suggesting the company apply for a programme offering access to investment opportunities for the Film and Creative sector, Martin supported Elstree Film Design in refining its pitch to the programme’s selection panel, as well helping it to prepare its business model - utilising Hertfordshire Growth Hub’s contacts to help the company achieve a successful outcome.
Since Elstree Film Design began working with the Growth Hub they have:
• Already increased their turnover substantially
• Secured a grant which has allowed them to install their first editing suite
• Created three new jobs within the team and successfully recruited into these positions
• Won Platinum & Gold MarCom Awards.
Rob Finlay, Owner of Elstree Film Design, was emphatic about the Growth Hub’s support:
“Working with the Growth Hub has made a real difference over the past year. The advisers have helped us both with planning our growth and implementing actions to achieve it. We look forward to continuing to work with them and benefiting from the knowledge and expertise the Growth Hub provides.”
Find out about Elstree Film Design's work by visiting their website.
• More blogs from HERTS GROWTH HUB