A company specialising in equipment hire for film and TV, which has worked on Netflix’s The Witcher and the BBC’s Wolf which were both filmed in Wales, has posted revenue growth of over 18% in its latest trading update. Following the conclusion of a management buyout in June 2022, Supply 2 Location Group has announced that its turnover for the year end May 2023 reached £10.2m, up 18.4% on last year.

The company provides equipment, infrastructure, and logistics support to film studios and TV production companies. Chief executive James Williams said the latest rise in revenues is reflective of the “success and continued growth” of the UK’s film and HETV (high-end TV) industry.

He said: “Over the past year, we have also made several strategic investments in our overall plan to complete our UK-wide network. In December, we opened our Northern depot, quickly followed by our second Scottish depot at Pioneer Studios and our seventh depot serving the Midlands. These new depots will continue to contribute to our growth by providing a highly effective, seamless, integrated hub and spoke network across the UK.

Read more: Llanelli family business HAC Group acquired by Vinci Energies

“As part of our strategy to reinvest in the latest equipment including environmentally friendly plants, Stage V generators and battery solutions, we have maintained our capital expenditure in line with the previous year at £1.5m.”

The company has depots all over the UK including in Chepstow where it serves production crews filming in Wales and the south west of England. It is now eyeing overseas expansion with its first international depot. Mr Williams said: “We are currently in negotiations to establish our first international depot. Whilst at the feasibility stage, it is an exceptional opportunity and would represent a significant step forward in our business development plan.

“The industry as a whole, including supply chain infrastructure and technical operations, continues to be affected by the ongoing screenwriters’ and actors’ strikes in America. This will have a far-reaching financial impact around the globe, and we can only hope that it is quickly resolved.

“Our Group’s exposure to this is mitigated by our broad UK customer base and our diversification into infrastructure support and maintenance including generator refurbishment for major UK blue-chip organisations, which continues to expand weekly.”