The company which provides costume, make-up and catering trailers for the booming UK television and film production industry is on the verge of listing in London.
Facilities by ADF has hired advisers from Cenkos Securities for a float in the coming weeks as it seeks to capitalize on the fierce demand for studio space.
The funds raised through the list will be used to bolster its fleet beyond 500 vehicles to keep pace with the industry expansion accelerated by the streaming giants.
ADF, which is based in Bridgend, Wales, works locally on television and film sets across Europe, providing artist trailers, catering vehicles and services that support productions .
The move to go public is underpinned by the strength of the UK production sector, which has expanded beyond traditional broadcasters such as the BBC and Channel 4 to work with Netflix, Amazon Prime Video and Disney +.
The multitude of apps struggling to fill their services with original content pushed sales to streamers up 6% to £ 356million last year, according to industry organization PACT.
This prompted US companies to reserve large amounts of production space, putting pressure on talent and facilities across the UK.
In September, Netflix announced a long-term lease with Longcross Studios, the Surrey production site behind James Bond’s Skyfall and Star Wars.
The streaming company behind The Crown and Sex Education already has exclusive access to most Shepperton Studios in West London, while Disney rents most of the Pinewood Studios in Buckinghamshire.
Troubadour Theaters on Thursday announced a deal to turn a former Toys ‘R’ Us retail site in Brent Cross Town into a film and television studio.
The company, which operates the Wembley Park Theater where The Curious Incident of The Dog In the Night-Time is played, already owns the Meridian Water Studios in North London which have done shows for the BBC and Netflix.
Meanwhile, Hudson Pacific Properties is building a £ 700million studio in Broxbourne, Hertfordshire, while Hackman Capital Partners invests £ 300million in London’s largest production plant in Dagenham.
However, increasing demand leads to increased costs. Jane Turton, the boss of All3Media, the television production group behind ITV’s Des and the BBC’s Call the Midwife, told the Telegraph in October that there was now “intense pressure around space, talents, facilities and underlying intellectual property “.
ADF and Cenkos Securities declined to comment.