U.K. accountancy firm absorbs film, TV unit
LONDON — RSM Tenon’s film and television unit has been bought for an undisclosed sum by U.K. accountancy firm Saffery Champness, it was announced Wednesday.
Saffery Champness takes on all RSM Tenon group’s film and TV biz plus its 17-person team, headed by John Graydon and Nigel Burke. This will ensure a seamless transition of clients’ business.
The team relocated to Saffery this week. Graydon’s team provides specialized advice and services to local and international film and TV productions, made in the U.K. and elsewhere.
“The highly specialized expertise offered by John and Nigel’s team will be a huge asset to Saffery Champness and complements the entertainment group, particularly as the creative sector looks towards embracing the new tax reliefs from next year,” said partner Julian Hedley, who moved from RSM Tenon in 2011 to head Saffery Champness’ Sports and Entertainment Group.
Graydon’s team works with all the Hollywood studios as well as numerous U.S. and European indies.
The group also advised the U.K. government on the film tax credit and the new creative sector tax relief for TV, animation and video games, which will come into effect in 2013.
Productions the team has worked on include “The King’s Speech,” “Inception,” “Captain America: The First Avenger,” “Pirates of the Caribbean: On Stranger Tides,” “War Horse” and “Skyfall.”
Graydon said, “We have been able to assist producers at every budget level, in the U.K. and abroad, achieve financial efficiency on their projects, ensuring that as much of their investment as possible can be directed towards the productions of their films.”