Top UK animation studio, Cosgrove Hall Fitzpatrick offers investors a chance to buy a slice of the
next children’s television classic!
London – 23 June 2014: CHF Enterprises Limited, the finance arm of top UK animation group,
Cosgrove Hall Fitzpatrick (CHF), launches the CHF Media Fund which will offer investors a chance to
buy a slice of the next children’s television classics being made by award-winning animators. The CHF
Media Fund will split investment in companies with shows in production which should qualify under
the Enterprise Investment Scheme (EIS) and in companies with new shows in development which
should qualify under the Seed Enterprise Investment Scheme (SEIS). This unique offering provides
reduced overall risk and access to various tax reliefs offered by the EIS and the SEIS.
Adrian Wilkins, CEO of CHF Enterprises Ltd, explains “Subscribers to the CHF Media Fund will be
investing in companies which each own the intellectual property (IP) rights in an individual new
family entertainment show. The capital raised will be used to develop and produce the shows for
broadcast. Each investor will have a stake in at least one show in production, as well as in new shows
in development. Investors stand to benefit from the revenue generated by the shows in which they
invest through the sale of broadcasting, licensing and merchandising rights and many other
monetisation avenues.”
CHF‘s award winning creative team has a forty-year pedigree in producing animation shows which
have won international acclaim, including eight BAFTAs and three international EMMYs awarded for
shows such as Danger Mouse, The Wind in the Willows, Count Duckula, Postman Pat and Roary the
Racing Car, as well as seven EMMYs and one BAFTA for Jakers!
CHF’s first children’s animated show Pip Ahoy!, first broadcast in June on Channel Five’s “Milkshake”,
was funded via the EIS and CHF is also using EIS funding to finance another of their children’s series,
HeroGliffix.
All shows in which the CHF Media Fund invests should qualify for Animation Tax Credits, introduced
by the government in the Finance Act 2013. These in effect provide a rebate of up to 20% of each
show’s production budget.
With the CHF Media Fund investing in both SEIS and EIS qualifying investments, investors will have
access to a blend of the EIS and SEIS tax reliefs. Income tax relief of 50% is available on SEIS
qualifying investments and 30% on EIS qualifying investments. Investors will also have unlimited
Capital Gains Tax (CGT) deferral on EIS qualifying investments and 50% CGT wipe out on SEIS
qualifying investments. In addition, they should enjoy 100% CGT-free gains on qualifying disposals.
All of the EIS and SEIS reliefs are conditional on, amongst other things, investments being held for at
least three years. 100% Inheritance Tax Relief is also available provided investors have held on to
their investments for two years at the time of death.
In the event that investments go down in value, investors will be able to claim loss relief.
Sapia Partners LLP, one of the UK’s leading (S)EIS manager platforms, will provide regulatory
oversight and approve investments for the CHF Media Fund.
CHF‘s new suite of shows are produced in the UK by a highly talented creative team headed by Brian
Cosgrove and Simon Hall and feature Sir David Jason OBE, a non-executive Director and investor, who
is currently playing the voice of Salty Cove’s Sea Captain, Skipper, in the new pre-school animation
series Pip Ahoy!
Ends
For more information please visit: www.chfenterprises.co.uk
Contact: Tel: 0845 512 1000 Email: [email protected]
About Cosgrove Hall Fitzpatrick Media Group (CHF)
Formed in 2011, CHF Media Group was born out of the multi-award winning animation house,
Cosgrove Hall, famous for big brand children’s shows such as Danger Mouse, Wind in the Willows and
Count Duckula. CHF continues that tradition by creating entertaining, innovative and brilliantly
characterised family television shows. The production team offers a solid production base with
experience, creative talent and an infrastructure to deliver quality family entertainment, including
dramatic real-life features for factual, educational and interactive projects for a global audience. CHF
programmes benefit from a diverse set of revenue streams from broadcast, publishing and gaming to
mobile and internet content and merchandising. www.chfenterprises.co.uk
About Sapia Partners LLP
Sapia Partners LLP is a leading multi asset manager specialising in (S)EIS funds. Sapia comprises a
team of highly specialised, senior professionals with expertise in investment banking, principal
investments, such as venture capital and private equity. www.sapiapartners.com
Media contact: Julia Vockrodt/CHF Media Group/ [email protected],/Tel: 07710 942 943
This press release constitutes a financial promotion under s21 of the Financial Services and
Markets Act 2000. It has been issued and approved by Sapia Partners LLP, a limited liability
partnership registered in England and Wales with the registered number OC354934 and whose
registered office is at 134 Buckingham Palace Road, London SW1W9SA. Sapia is authorised and
regulated by the FCA under number 550103.
Important Risk Warning and Disclaimer for Investors
Please note this press release does not constitute advice of any kind (including investment, legal or
tax advice). It does not amount to an offer or invitation to buy or sell an investment in the CHF
Media Fund. It also does not solicit any offer or invitation from companies seeking investment
capital.
Prospective investors may only participate in the CHF Media Fund where Sapia Partners LLP
assesses an investment in the fund as being suitable for them taking into account their knowledge,
experience and expertise in making EIS and SEIS investments, their financial situation and
investment objectives.
If you are in any doubt about the contents of this press release, you should consult your
stockbroker, independent financial advisor, bank manager, solicitor or other person authorised and
regulated by the Financial Conduct Authority.
Past performance is not necessarily a guide to future performance and investments made into SEIS
and EIS qualifying companies, because they are in unquoted companies, are likely to be higher risk
than securities listed on the main market of the London Stock Exchange.