The team at Goldfinch Entertainment are pleased to announce the successful exit of its flagship EIS vehicle ‘Goldfinch Pictures Limited’ at the targeted return of £1.23p.
At a time when EIS investments, media investments in particular, are in the spotlight the exit demonstrates how skilled managers can add value to projects and investors with the right approach.
Goldfinch is approached to participate in around 20 projects per week, subsequently taking on less than 10% of projects that adhere to a strict due diligence process that incorporates reviewing budgets, finance plans, sales estimates, business plan/marketing pack, chain of title and script amongst many other required documents. By focusing on these aspects alongside a unique vertical structure incorporating: production, investment, distribution and studio facilities through their family of companies, Goldfinch have been able to enhance a project’s chance of success.
Goldfinch returned £1.23p to investors having invested in a number of notable hits in recent years, however the innovative financial structure ensures that box office success is not necessarily a driver of the returns given back to the company. These hits include:
You Can Tutu: the directorial debut of James Brown, producer of multi award-winning ‘Still Alice’. The film is the story of 11-year-old Tutu, a gifted dancer who struggles to fit into her new town and her strict new ballet class. A heart-warming family film about one girl’s dream of dancing in the lead, and the realisation that the only way to do this is by believing that you can.
Originally shot as a film, the project was re-cut into Amazon ‘Original’ branded TV series on the Prime platform.
Hector: A film starring the award-winning Peter Mullan, covering the story of Hector, a homeless man who embarks on a road trip across the UK. A portrait of an invisible man and an authentic account of homelessness within contemporary Britain, Hector is a powerful character study and a brutally honest account of homelessness.
Alongside these successes Goldfinch has participated in a variety of award-winning films, including James Erskine’s Building Jerusalem; Mad to be Normal starring David Tennant; Burn, Burn, Burn starring Laura Carmichael; My Feral Heart with Steven Brandon; Adult Life Skills starring Jodie Whittaker, The Carer starring Brian Cox, Solis starring Steven Ogg, and That Good Night starring Sir John Hurt and Charles Dance.
Kirsty Bell, MD and Founder at Goldfinch commented: “Starting four years ago, we began with the vision of bringing business principals, transparency and use vanilla structures to the film and media industry, to show that you can make money from investing in this asset class. Now we are very proud to say we have proven a point and will continue to do so in a new and exciting world of film and media investment and opportunities.’
‘Creating and selling a film, TV show or video game is an immensely difficult job requiring an array of skills and people. The support and infrastructure we can offer via Goldfinch is incredibly well received, and required, in order to efficiently and profitably produce high-quality productions that make money.”
“The media industry is one of the biggest drivers of the UK economy and we are seen to be one of the global leaders in the sector. As a successful and savvy investor, we take control of the business cycle to retain control from script to sale. Our approach reduces fees and risk, the success of which can be seen from our initial exit of the Goldfinch Pictures Limited EIS. We view this approach as the gold standard in media investment”.