View more on these topics

Margetts seeks funds for Captain Scarlet

Margetts Fund Management has unveiled Gerry Anderson Productions, an enterprise investment scheme (EIS) that aims to create a new version of the cult television series Captain Scarlet.

Gerry Anderson created the original series in 1967 using a puppet animation technique called supermarionation. He also used this technique for Thunderbirds, Joe 90, Stingray and Fireball XL5. The new series will be created using computer graphics and preparation work is currently being done including the writing of scripts and set design.

The directors of the EIS say there is a global following for Anderson&#39s work and they anticipate interest in the new series from children and adults who grew up watching the original series. Revenue is expected to come from the UK and overseas. In addition to television rights, there are also likely to be merchandising opportunities, including spin-off sales of DVDs, videos, toys and computer games.

Investors will get the standard income tax relief and capital gains tax deferral that comes with EIS investing but to qualify, they must hold the shares for at least three years. This EIS could be of interest to sophisticated investors who may have been fans of Gerry Anderson&#39s animated puppets when they were younger and who believe an updated Captain Scarlet could be a hit with viewers.

Gerry Anderson Productions will commit 45 per cent of profits made to its partners, including Margetts and Carlton International Media, which owns the rights to the original series. This means investors will have a share of 55 per cent of the profits, but there is no guarantee that any profit will be made since production costs could be high.

It may also be difficult for investors to realise their investment, since there is no ready market for shares and a flotation, while possible, is not guaranteed.

Recommended

Exchange offers best service, say advisers

The majority of IFAs believe The Exchange offers a superior service to Assureweb and IFA Engine.The State of the IFA Nation poll shows 71 per cent of IFAs believe The Exchange offers the best service compared with 16 per cent opting for Assureweb and 9 per cent for IFA Engine while 11 per cent did […]

ScotMut helps IFAs target retirement market

Scottish Mutual is redesigning its Complete Retirement package which is aimed at helping IFAs target the flexible retirement market for high-net-worth clients.The package consists of a range of tax-efficient products such as income drawdown and phased retirement aimed at higher-net-worth investors with £100,000-plus to invest.New additions to the package include the contemporary occupational withdrawal and […]

Network aims to free &#39imprisoned&#39 advisers

Bristol IFA practice The Kilminster group is setting up a new network which it claims will free advisers “imprisoned” in their existing networks.The Kilminster Partnership will operate as a new division of the group and has already signed up seven firms and 20 RIs, increasing the group&#39s total number of RIs to 65.Although it plans […]

Serious business

Product providers have another two months to update their critical-illness products to meet the revised ABI statement of best practice. This involves changes to the definitions of cancer and heart attack and allows early-stage prostate cancer to be excluded in response to advancements in medical treatments and screening techniques.The change to the cancer definition is […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com