Four Communications Group Limited has reported record-breaking performance for 2014, thanks to strong organic growth, cross-selling and synergies across the company’s integrated communications offering, and the successful acquisition of Consolidated PR in the last quarter.
Revenue of £31.196 million was up 23.1 per cent in the year to 31 December 2014 (2013: £25.337 million), with fee income (gross profit) up 20.7 per cent to £15.212 million (£12,607 million) and EBITDA up 84.2 per cent to £3.852 million (£2.091 million). The results mark the best revenue, fee income and EBITDA figures in the company’s 14-year history.
Each of the company’s practices – which range across PR, public affairs, creative and design, media planning and buying – contributed to the strong growth figures. Four Communications’ specialist sector practices, including travel PR and marketing, culture and campaigning, sports and sponsorship, and property PR, also delivered impressive growth.
Adding to strong double-digit organic growth, Four Communications acquired consumer, public sector and financial services specialist Consolidated PR in September 2014. Consolidated moved into Four’s London Bridge offices in October 2014 and has already resulted in major synergies across the Group.
Consolidated PR added a Scottish operation based in Edinburgh and – combined with Four’s own operations – the Group is now collectively one of a tiny handful of agencies on government rosters in England, Scotland and Wales. According to PR Week, Four Communications is now the No1 agency specialising in public sector public relations campaigns in the UK, as well as retaining its position as a top 25 agency overall and a top 10 independent.
Four Communications Group FZ-LLC, the subsidiary operating across the Gulf from offices in Abu and Dubai, continued to go from strength to strength, with double digit fee income and EBITDA growth.
Nan Williams, Group Chief Executive of Four Communications Group Limited, said:
“This has been an outstanding year, one in which powerful organic growth, based on cross-selling and increased new business conversions, has been boosted by our acquisition of Consolidated PR.
“We are particularly pleased with the way in which our integrated offer is being embraced by our clients. More than 60 per cent of clients bought more than one service in 2014 and more than 20 per cent used three or more services.
“Our success in 2014 is being replicated and improved on in 2015. Trading conditions remain positive in our major markets and we look forward to more growth, both organically and through our acquisition programme.”
Enquiries to Nan Williams on 07774 741 518 or email@example.com