Lime Pictures, the Liverpool production company behind Hollyoaks and The Only Way is Essex, saw revenues grow by nearly 20% in the year to the end of December 2014.

The company’s turnover jumped from £65.6m to £78.4m as it picked up commissions from Disney and Bravo and it continued to successfully plough the real-time genre.

Lime's Hollyoaks continues to go from strength to strength

Lime’s Hollyoaks continues to go from strength to strength

However Lime, whose parent group All3Media was acquired by Discovery Communications and Liberty Global for £550m a year ago, also reported a dip in profits to £9.8m – for the 69 weeks ending December 31 2014 – compared with £11.4m in the 52 weeks ending August 31 2013.

The accounts state the fall in profit was due to the release of associated company Lime Pictures Group from its liability to pay a £4.2m debt owed to Lime Pictures.

In the report, the directors said: “The profit for the financial period amounted to £6.6m (2013: £8.5m). The decrease in profit for the year was due to the write-off of an intercompany loan.

“The company continues to perform well across its slate of scripted and non-scripted continuing series and has been successful in securing new programme commissions.”