Media company secures funding lifeline
The company has supported major film and TV sets such as Peaky Blinders, Mission Impossible and Star Wars
A media company which has worked on films such as Mission Impossible, Star Wars and James Bond has secured a £800,000 loan to help maintain its cashflow during the pandemic.
Media Access Solutions (MAS) will use the funding from HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS to maintain its cashflow during a turbulent time for the media industry as it continues to be heavily impacted by the pandemic.
Based in Solihull, Media Access Solutions (MAS) provides specialist lifting, camera and lighting equipment to a wide range of TV and film studios across the UK.
Since its inception four years ago, MAS has developed a client portfolio of global brands such as Disney, Netflix, Century Fox, Warner Bros, BBC and ITV.
It has also supported major film and TV sets such as Peaky Blinders, Mission Impossible 5 & 6, Star Wars ‘The Force Awakens’ and James Bond film, Spectre.
However, since March, MAS has had to postpone 72 of its contracts including Peaky Blinders which was due to take place in March.
Tim Kendall-Bastock, director of Media Access Solutions, said: “As a result of the pandemic, we’ve been stopped in our tracks with many of our contracts either being pushed back or cancelled all together. However, looking to the future, we remain positive and optimistic about our growth potential and, thanks to the support from our relationship manager at HSBC UK, Daniel Williams, we’re confident we can recover.”
Mark Lupton, HSBC UK Greater Birmingham area director, added: “MAS is a great example of the creative talent we have here in the West Midlands. After just four years trading, the business has become a key player in the media industry, working alongside truly global brands. HSBC UK was pleased to support the business during these uncertain times.”