Soaring demand for Facilities by ADF 

Wales-based Facilities by ADF provides production facilities and services to the film and TV sector. There was £15m raised at 50p a share when the company become the first AIM flotation of 2022. This cash will be invested in much needed additional capacity. The company is already nearly fully booked for this year.

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The company has a fleet of more than 500 vehicles and trailers. This includes artiste trailers, make-up units, generator units and transport vehicles. This could increase to 700 by the end of 2023 and Facilities by ADF has made sure that it has ordered the new units early because of the long lead times. Netflix accounted for 24% of revenues over three and a half years. Sky was 18.6% and the BBC 13.4%. 

RWS successfully integrates SDL

RWS nearly doubled its revenues to £694.5m in the six months to September 2021, and that includes organic constant currency growth of 4%. There was organic growth in all divisions.

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The patent translation and content services provider reported an underlying pre-tax profit increase of 66% to £116.4m. Adjusted earnings were one-fifth higher at 23.8p a share. The total dividend is raised by 17% to 10.5p a share. Net cash was £45.3m at the end of September 2021

There have been £16.4m of cost savings generated from the integration of translation services and software provider SDL. Organic growth is continuing in the current financial year.

Knights returns to organic growth 

Legal and professional services provider company Knights Group Holdings generated organic growth of 9% in the six months to October 2021, although this was against weak comparatives at the height of lockdown in 2020. Management is set to step up acquisition activity. 

Overall revenues increased by 29% to £59.7m including contributions from acquisitions. Underlying pre-tax profit was 26% ahead at £7.6m. An interim dividend of 1.46p a share is being paid. Net debt was £23.3m at the end of October 2021.

Knights has broadened its range of services, by offering debt advisory. management is confident that the second half trading will be strong even though the comparatives are much tougher.