Unusually for production accountants Anchor will consider working on a contingency basis (‘no close’ no fee’) with productions which are greenlit but have not yet started the closing process. This offers a number of advantages:
• Frees up producers to focus on the creative elements of planning whilst we do most of the work on cashflows, budgets, prepping finance plans, reviewing financing documents etc. We are also able to take on board documentation such as CAN’s, PACT agreements, HoD and crew agreements etc if required.
• Speeds up closing; the lawyers and bond, in particular, can often move faster if the producers have professional accountants supporting them prior to and throughout the closing process. Extensive experience of complex financings from 25 years in the City is particularly helpful according to the financiers, lawyers and bonders we have worked with previously.
• Better cost control, finance and reporting efficiency as we can set up appropriate procedures and agree them with the line producer, HoDs etc before expenditure is incurred.
We will consider pre-close work on a case by case basis, so contact us to discuss.all upon ideas and working practices from other industries, notable finance, where it makes sense to do so.