Next Fifteen Reports 19 Percent Revenue Increase

Next Fifteen Communications Group, which counts Bite, Text 100, and The OutCast Agency among its firms, reported a 19 percent increase in revenues to £40.8 million (about $66.37 million, at today’s conversion rate) for the six months ending January 31, 2011.

Profits were also up 19 percent from £2.08 million in 2010 to £2.49 million (about $4.05 million) this year. Organic growth was up 11 percent in the U.S.; the U.S. is also responsible for about half of the company’s revenues. The U.K. and APAC produced four percent organic growth and the EMEA region was flat.

Like many other firms, Next Fifteen credits the digital space for the positive outcome.

The company acquired Type-3, a web design company in London and San Francisco, and merged it with Context Analytics and Project Metal to create the digital consultancy Beyond. And Bite acquired the Hong Kong-based digital agency OneXeno.

Not only was there growth through acquisitions, but also in digital and technology clients.

“During the period we expanded and added relationships with clients that include Zynga, Facebook, American Express and Google,” Next Fifteen chairman Will Whitehorn said in a statement. “The Group is also experiencing increased demand for solutions that involve more than one of the Group’s agencies as more and more of our customers look for a broader set of integrated services.”

The company also reported the acquisition of an 85 percent stake in IR firm The Blueshirt Groupand Lexis’ acquisition of Glasshouse Partnershipfor greater corporate strength in London.

Publish date: April 5, 2011 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT