Back in 2010 Sands Films found itself in a difficult position: the rent due for the lease of the warehouse exceeded the Company's capacity to pay for it. It became obvious that if Sands Films was to continue its thriving business in Rotherhithe it would have to become the owner of the building.
The vicious circle of paying high rent means the tenant never has sufficient capital to purchase. We resolved to raise the capital needed by offering “B” shares in the Company. We used HMRC's EIS scheme which is designed to help small businesses by providing tax credit to the investors who back small enterprises.
By 2012 a large group of nearly 500 small investors purchased enough shares of Sands Films to supply the capital to purchase the property with the additional help of a mortgage. In May 2012, the company purchased the studio; of course, the capital investment of the shareholders is protected by the substantial asset of the property.
The shareholders are free to sell their shares, either to new or existing shareholders. A shareholders' club, open to all, was created at the 2014 AGM for shareholders to register their wish to dispose of or to acquire further shares in Sands Films.
This is an informal club without broker: the actual sales/purchases of shares are by private treaty only, but are reported to the Company so that Companies House records are kept up to date.
If you are interested in joining the Sands films shareholders, please do not hesitate to contact us.
Sands Films New Projects
Sands Films is always full of ideas and projects and from time to time we see the opportunity to develop one*.
We can not work alone. We always need partners and collaborators.
If you like what Sands has done and think you would like to be involved with future project please feel free to contact us.
Here is a link to an article in The Guardian published in July 2011; It sums up the situation at that date and explains the EIS share offer issues at that time.