Finance for new IT assets help this Oscar-winning company invest in its future
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Award-winning creative studio Framestore directs, animates and designs advertising, as well as visual effects for films. Established in London with offices worldwide, the studio has won the visual effects Oscar and BAFTA for The Golden Compass in 2008 and again in 2014 for Gravity.
What did they want to achieve?
In an industry driven by creativity and technology, having the latest equipment is crucial. Framestore needed to invest in new IT assets to cement their position as market leaders, without impacting their cash flow or administration processes.
How we helped
We agreed a new £2.8 million finance package with Framestore on a rolling basis, taking into account the cycle of refreshing assets in an IT intensive business. Our Invoice Management Facility takes care of communications with suppliers, setting all invoices and funding onto one quarterly lease, reducing admin and keeping paperwork to a minimum.
"Lombard have really helped us the past few years by supporting our updates. Their specialists in technology understand the business and value of our assets.
We're open with them about our business, which helps the funding go smoothly. It's reassuring to know Lombard are there for support."
Head of Finance, Framestore
By updating their computer hardware, the company can continue to be at the forefront of the visual effects industry, allowing investment without jeapordising capital. The business continues to flourish, with no extra strain on its resource or time.
£2.8m agreement keeps Framestore at the top of their game.
Continuous refreshment of IT and hardware thanks to rolling contract.
The company can continue to spend and grow with financial security.