Pinewood Shepperton plc managed to up its television revenues slightly in 2008, despite its customers facing increasing pressure on production budgets.

In its end of year results, announced on Thursday 26 March, the studios group said that TV income was up £600,000 to £12.7m.

It put the increase down to ‘new customers and a satisfactory level of repeat business' and indicated that it would look to establish longer-term deals with producers.

“The Group seeks to develop preferred supplier status with independent production companies and key broadcasters,” said chief executive Ivan Dunleavy in the report.

“Although there has been pressure on production costs, there continues to be strong demand for quality creative content and the Group is well positioned to service this demand. Commissioning broadcasters are increasingly looking for a fuller service offering.

“Pinewood Shepperton's aim is to diversify into television seeking longer term trading arrangements with producers and broadcasters and thus broadening the customer base using facilities across the Group. ”

The Group said that its anticipated revenues for 2009 are currently in line with market expectations.

Turnover across the whole Pinewood Shepperton business was £42.9m, up from £37.4m in 2007. Pre-tax profits also increased, by 12% to £5.9m.

Television productions across the three Studios - Pinewood, Shepperton and Teddington - in 2008 included Last of the Summer Wine, Thomas the Tank Engine, Dragons Den, Green Green Grass, Gladiators (pictured) and The Lily Allen Show.

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