Turnover up 53% as outlook remains uncertain
Date Posted: Wed 15th Jul 2009
Paver Smith has announced growth in revenues of 53% for the six months to June.
Recent client gains, including The National Lottery and on-line tyre retailer blackcircles.com, have helped the agency buck the sector's downard trend. Revenue growth from existing clients has also been strong, says agency director Martyn Best.
"This is an encouraging performance in a very difficult market and a credit to the team," said Mr Best.
"Our focus on staff development remains key to our progress and we shall continue to invest strongly in this part of our operation."
Client gains for the first half numbered ten, with a contracted annualised revenue of more than half a million pounds.
"We're talking to more than 50 businesses about £1.2m of work, so our pipeline is strong and we remain cautiously optimistic about the second half," said agency managing director Dougal Paver.
Turnover projections have been adjusted to £2.5m from £2.8m for the year, reflecting the continued tightening of the market, said Mr. Paver.
"People are taking longer to make buying decisions, although we are beginning to see a slight upturn in optimism," he added.
