Rainbow Productions, Britain’s leading mascot manufacturer, has successfully purchased new premises after a significant growth in demand.
Founded in 1983, the London business has created mascots for over 50 international sporting tournaments, including the London 2012 Summer Olympics. As well as managing over 140 licensed children’s characters such as The Gruffalo, Peppa Pig, the Smurfs and PAW Patrol.
This successful costume specialist company has seen sales of its mascot costumes rocket past pre-covid levels as live events and gatherings continue to take place.
It manufacturers all costumes by hand from its London premises, Colliers Wood. The new location, purchased with the support of challenger business bank Allica Bank, is based just around the corner, and was valued at around £1.75 million. This allows Rainbow Productions to increase its capacity further as demand for new mascots has grown significantly.
The Managing Director of Rainbow Productions, Simon Foulkes, said:
“Rainbow has seen some fantastic growth on the back of soaring demand for live events, which has exceeded pre-pandemic levels”
“We’re incredibly pleased to have acquired our new unit with the help of Allica Bank and our relationship manager, Martin. Once fully operational, it will enable us to operate much more efficiently and give us the confidence to continue to grow the business in line with demand. It also secures our future in the local area which is so important given our hugely talented pool of colleagues.”
Martin Parker, Relationship Manager at Allica Bank, said:
“Allica Bank is thrilled to partner with such an exciting, growing business like Rainbow Productions. Simon and his team have vast experience, which they combine with immense creative talent, and have a clear vision for the firm that made them the perfect business for Allica to support. It is also wonderful to work with a business that exists to make people smile.”
“Allica Bank is committed to serving established businesses like Rainbow, who are such a core part of our local communities. As their relationship manager, I am looking forward to working closely with them to see how else we can help them grow. Maybe we’ll even see an Allica Bank mascot enter the scene!”