Baker Tilly will be at the heart of one of the most eagerly awaited flotations so far this year, when the makers of the notorious TV series Footballers’ Wives lists on AIM.
Expected this week, the flotation will raise between £20m and £22m for Shed Productions the company that made the headlines with Footballers’ Wives and women’s prison-based drama series Bad Girls.
Well-known media experts Ingenuis Corporate Finance is handling the flotation, with a Baker Tilly team, headed by partners Paul Watts and Katie Worsfold, acting as reporting accountants, producing a set of three crucial due diligence reports.
Paul Watts, partner in Baker Tilly’s corporate finance team, said: ‘This is a very important deal for us. Shed is a dynamic and successful company and so we are delighted to have worked with them.
‘Over the past 18 months, we have been involved in a number of media deals and indications are that other production companies in the media industry are set to follow Shed.’
In its results for the year ending August 2004, Shed reported a turnover of £14.89m and a profit before tax of £1.89m.
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