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Marketing

The Mission Marketing Group increases revenue by 9 per cent to £51.6m for 2013

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By Stephen Lepitak, -

March 25, 2014 | 2 min read

The Mission Marketing Group has revealed a pre-tax headline profit increase of 3 per cent of £5m for 2013, as well as an increase in operating revenue of 9 per cent at £51.6m.

The marketing service group, which owns the likes of Bray Leino, Story, RLA and Robson Brown, also revealed that its reported profit before tax decreased by 33 per cent to £3.2m and that it had reduced its net bank debt by £1.6m to £10.7m.

David Morgan, Chairman of The Mission Marketing Group, described 2013 as “something of a transitional year.”

He added: “In the first half of the year, we cleared up a number of tricky issues but by the end of the year we were in a far better position to build from. We continued to grow our business, extend our range of services, and improve our balance sheet, whilst at the same time return to dividends after a five year hiatus. Early signs for 2014 are very positive."

The report also revealed that the group considered a number of acquisitions but in the end only acquired Solaris Healthcare Network near the end of the year, which it combined with its existing healthcare offer.

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