 In November 1934, Hinds registered his own film company, Hammer Productions Ltd.

Work began almost immediately on the first Hammer film, "The Public Life of Henry the Ninth" at the MGM/ATP studios, with shooting concluding on 2 January 1935.During this period Hinds met Spanish émigré Enrique Carreras, a former cinema owner, and on 10 May 1935 they formed a film distribution company Exclusive Films.A slump in the British film industry forced Hammer Productions Ltd. into bankruptcy and the company went into liquidation in 1937.