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30 Jul 2025 07:00
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with Cavendish's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
30 July 2025
Facilities by ADF plc
("Facilities by ADF", "ADF", the "Company" or the "Group")
Directorate Change
Facilities by ADF, the leading provider of premium serviced production facilities to the UK film and high-end television industry ("HETV") announces that Marsden Proctor, the Company's Chief Executive Officer, has stepped down as a director of the Company and has left the Group with immediate effect. The Board of the Company has commenced a recruitment process for a permanent replacement.
Russell Down, Non-executive Chairman, has been appointed Executive Chairman. He will revert to Non-executive status on conclusion of the recruitment process and following an appropriate handover period.
The Company announced on 2 June 2025 that trading in the current financial year to 31 December 2025 ("FY25") was in line with market expectations. While the industry environment remains challenging and project lead times have been reduced, the expectation is that activity levels will be weighted to the second half. The Company continues to expect that it will be cash generative in FY25.
For further enquiries:
Facilities by ADF plc Russell Down, Chairman
| via Alma |
Cavendish Capital Markets (Nomad and Broker) Ben Jeynes / George Lawson / Hamish Waller - Corporate Finance Michael Johnson / Sunila de Silva - Sales / ECM
| Tel: +44 (0)20 7220 0500
|
Alma Strategic Communications Josh Royston Hannah Campbell Robyn Fisher |
Tel: +44 (0)20 3405 0205 facilitiesbyadf@almastrategic.com |
OVERVIEW OF FACILITIES BY ADF PLC
The Facilities by ADF Group is the leading provider of premium serviced production facilities along with location services and ground protection equipment to the UK film and high-end television (HETV) industry.
The Group serves customers in an industry that has experienced, notwithstanding the Strikes in 2023, significant growth in recent years, with additional demand driven by a material rise in the consumption of film and HETV content via streaming platforms such as Netflix, Disney+, Apple TV+ and Amazon Prime. The UK film and TV industry has directly benefited during this growth due to the quality of its production facilities and studios, highly skilled domestic workforce, geography, accessibility to Europe, English language environment and strong governmental support. Major US streaming companies have now set up permanent bases in the UK, with the UK now the film and TV industry's second largest operation after North America.
Facilities by ADF production fleet is made up of more than 700 premium mobile make-up, costume and artiste trailers, production offices, mobile bathrooms, diners, school rooms and technical vehicles.
To strengthen its position as a One-Stop-Shop for the Film and HETV industry, ADF acquired Location One Ltd, the UK's largest TV and film location service provider, in November 2022, and then further expanded in September 2024 by acquiring Autotrak Portable Roadways Ltd, a market leader in portable roadway solutions, diversifying the Group's offerings and customer base.
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