Creative Industries

Rolling out the red carpet

Talented

Acting for the Creative Industries

Ecovis built its foundations on working with those in the Media and Entertainment space. Nearly four decades later, we have earned the enviable reputation as one of London’s leading tax, accountancy and business advice specialists looking after creative industries individuals and companies.

From successful broadcast production businesses and award-winning digital content producers to leading suppliers of post-production and broadcast equipment – our clients know we live and breathe this industry and have their backs covered.

To us, our work is so much more than just number-crunching. Our personal partner-led approach and deep industry knowledge means we understand your language and can provide the very best advice, expertise and specialist creative sector insights. In short, we see it as a privilege to be given the opportunity to help you grow your business and realise your full potential.

Our Approach

Behind the scenes

As experienced media specialists, we tailor our accounting and tax services to your individual needs – it’s HOW we work with you that sets us apart.

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Plain Talking

We don’t attempt to impress you with our technical knowledge. Instead, we aim to ensure that you end up knowing as much as we do about what concerns your business.

Agile

There are some projects that need a quick response – perhaps on the same day or during unsociable hours. If that’s what you need, you can depend on us for a swift response and pragmatic, easy-to-implement answer.

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Proactive

“How do I know what I need to know, when I don’t know I need to know it?”

We make it our job to bring you up to speed with the relevant financial matters affecting you and your business – crucially, allowing you to focus on what you do best and get creative!

What we do

Lights, camera action!

We provide a comprehensive range of services, expertise and advice tailored to the creative industries. 

From financial and business advice to bookkeeping, tax and compliance, our experts can help. For more specialised support, our experienced team add value in a number of ways including:

 

  • Advice on claiming the suite of Creative Tax reliefs (High End Television, Film, Children’s Television, Animation & Gaming).
  • Structuring advice and support in obtaining the BFI certification for qualifying content producers.
  • Auditor reports, accountant reports and letters of comfort to financiers in connection with getting productions financed and closing financing gaps.
  • Appraising the finance function (software & personnel) and recommended improvements.
  • Recommendations in respect of staff incentives, such as bonus schemes, benchmarking salaries and appraising the use of share schemes such as EMI.
  • Preparing for investment or exit, gearing up for sale, managing the data room and appraising offers.
  • Carrying out due diligence on target acquisitions.
  • Tax advice for business owners and talent, both UK resident and overseas.
  • Assistance with overseas matters via our Ecovis International network.

Giving back to the community

Behind the camera

We act for and sponsor the UK Screen Alliance, Indielab’s Growth Accelerator programme and the Primetime Network. As facilitator members of Pact, we sit on their Finance Committee and contribute to specific working groups, such as recent consultation ahead of the IR35 changes implemented on 6th April 2021. Many of those we work with are members of these alliances and its great to be able to support the wider community in delivering specialist accounting and tax advice through webinars, contributions to programming and sharing relevant content.

Diversity & Inclusion and Nations & Regions

A cause for celebration

The Creative Industries do have much to celebrate. Whilst there remains much to be done, diversity and inclusion is at the centre of all conversations. Ultimately, the aim is for the creative industries to hire inclusive and gender-balanced teams working together both in front of and behind the camera. We very much support this. To that end, we specifically work with Victoria Emslie in sponsorship of the Primetime Network that she champions, providing a platform for women to be found and hired. Simultaneously, the industry has opened up more to the Nations & Regions and what there is to offer outside of London.

Impact of the pandemic

The show must go on

2020 and 2021 have been years like no others. The production hiatus, spiralling production budgets and social distancing guidelines have caused huge delays in production shoot schedules, particularly amongst Drama programming. In some areas the effect has been catastrophic with the cancellation of live events nationwide. Consequently, this impacts not only the on-screen talent, but the off-camera workers, and the local community who benefit from shoot-locations. Ultimately, this has led to huge delays in commissioning decision-making. In short, the effects and backlog of which are ongoing for many producers and naturally have a knock on effect on post-production and VFX houses.

Content production

The future looks bright

The content production market is highly dynamic. As a result, it continues to go through rapid change as well as continued disruption by digital players and the streaming subscription services. Streaming services, for example, are no longer platforms focussed on the consumption of content by its subscribers. Instead, the likes of Netflix, Disney and Apple are now investing in productions and licensing content in order to win the race. To add to that, the main UK-wide public service broadcasts (PSBs) BBC, ITV, Channel 4, S4C and Channel 5 are reacting to the changes in viewing habits due to the widespread uptake of those streaming services and internet-connected devices.

Meet the Team

Our creative industries experts

Ask us anything

We’re ready for our close-up