Four Communications Group has posted record financial results for 2013.
Chief executive Nan Williams said: “This was a record-breaking year – with the best fee income and EBITDA performance in our 13 year history. We ran some truly amazing campaigns long standing clients as well winning excellent new business including Air France/KLM, work for the Rugby World Cup 2015, The Welsh Government, Katara Hospitality and Singapore Tourism.”
Fee income grew by 12.6 per cent during the year – largely through organic growth. EBITDA was £2,091,885 – a margin of 16.5 per cent. Nan added: “This is a particularly pleasing profit performance as 2013 included some £280,000 of ‘one off’ costs associated with our London office move in May 2013. Our underlying EBITDA performance across the Group was therefore 18.7 per cent. We also continued our very successful growth in the UAE and the business now accounts for some 13 per cent of our income.”
New investment in the year included the purchase of K+R, a specialist boutique B2B public relations agency, and setting up a new luxury marketing practice of our own targeting high net worth individuals.
The move of Four’s London offices to the vibrant Bankside area, which is fast becoming a media and creative services hub in the city, entailed significant investment. Nan said: “We completely replaced our IT and telecoms infrastructure and designed offices specifically for the needs of an agile communications agency with high levels of flexible working. This will bring us increased efficiencies in the coming years which we expect to contribute to even better future profits.”
Awards also continued to flow in 2013 as Four was named Property PR Agency of the Year in the UK and Middle East PR Consultancy of the Year.
2014 has started very well and the Group is predicting an improved performance on 2013.
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