See-Saw, the production outfit behind shows including Netflix’s “Heartstopper” and Apple TV+’s “Slow Horses,” has posted an income of £79.7 million (97 million) for the year ending June 30, 2021.
The accounts, which were filed at U.K. company registrar Companies House on Wednesday, show that turnover has almost doubled at the U.K. and Australia-based producer. The previous year’s turnover, for the year ending June 30, 2020, was £43.4 million.
The increase in production, however, has also seen the company’s costs increase “significantly” to £92.9 million. The previous year’s costs came to less than half that number, at £43.8 million.
The figures were no doubt also affected by localized inflation in the industry, attributable to the U.K. production boom.
However, thanks to a £16 million tax credit, overall profits for 20/21 came to £2.13 million, a considerable improvement on the previous year’s accounts, which showed a loss of £24,000.
According to the financial report, £1.88 million...
The accounts, which were filed at U.K. company registrar Companies House on Wednesday, show that turnover has almost doubled at the U.K. and Australia-based producer. The previous year’s turnover, for the year ending June 30, 2020, was £43.4 million.
The increase in production, however, has also seen the company’s costs increase “significantly” to £92.9 million. The previous year’s costs came to less than half that number, at £43.8 million.
The figures were no doubt also affected by localized inflation in the industry, attributable to the U.K. production boom.
However, thanks to a £16 million tax credit, overall profits for 20/21 came to £2.13 million, a considerable improvement on the previous year’s accounts, which showed a loss of £24,000.
According to the financial report, £1.88 million...
- 7/4/2022
- by K.J. Yossman
- Variety Film + TV
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