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Hollywood Media Services

  • BY: Andrew Hore |
  • POSTED: 30/08/2007 |

New issue Hollywood Media Services has raised £850,000 gross at 3p a share in order to grow organically. 

HMS provides equipment and services to film and television location sets as well as catering for the crew while they are on location. It works for BBC, ITV and independent production companies.

The £500,000 raised after expenses will be spent on more vehicles so the company can win more business and bid for larger contracts. It also wants to become a national business. Catering 4 Events has cut its stake from 100% to 41.4%. HMS has exclusive rights to sell facilities to Catering 4 Events’ customer base.

HMS made a profit of £65,000 on turnover of £1.12m in 2006. The first quarter of 2007 was quiet but trading has picked up for the facilities business. The catering market has been “challenging”.

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