The Mission Marketing Group reports 15 per cent growth in headline pre-tax profits for 2012
The Mission Marketing Group, which amongst others owns advertising and marketing agencies such as Bray Leino, Story, RLA, Robson Brown, ThinkBDW and Big Communications, has grown its headline pre-tax operating by 15 per cent.
The group saw its headline pre-tax profits grow to £4.9 million during 2012, with new business from among others Aviva, Brittany Ferries, M&S Bank, Norwegian Seafood and VMware bring in £5.6 million.
David Morgan, chairman of The Missions Marketing Group, commented: "It's now three years since we restructured The Mission and I am pleased to report that 2012 saw a continuation of our progress in what has been yet another challenging year for our sector. We focused on concinnity and our agencies have never worked better together, providing a cohesion that we and our Clients have benefitted from.
"We remain excited by the potential of our business and look forward to further progress in 2013 and beyond."
Despite the acquisitions of Balloon Dog and Addiction Worldwide, the company was able to reduce its net bank debt by £3 million to £12.3 million.
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