Aspect's growth on track despite staff redundancies

Aspect has told C&IT that growth is still expected in 2012 after a redundancy programme that reduced staff to 20, from 28 earlier this year.

Aspect's growth on track despite staff redundancies
Aspect's growth on track despite staff redundancies

Jo Randle, Aspect's managing director, said: "It is true that we made a few redundancies and I'm pleased to say we reached voluntary agreements with the individuals concerned," Randle said.

"The voluntary redundancy programme was about reorganising and aligning the skills in the business more closely with our clients' needs."

The news comes after the agency, which has produced events for clients including Marks & Spencer and Spar, went on a £500,000 recruitment drive, appointing 12 staff including a three-strong client services team, head of creative, head of client experience, financial controller and three producers between July 2010 and July this year.

The agency reported a 55% growth in turnover for its 2010/2011 financial year ending in April, to £5.6m, up from £2.6m on 2009/2010.

Randle added: "Aspect's strategy remains one of growth, building on our core communications services. Last year we achieved revenues of £5.6m in a very challenging marketplace and improved our profit on the previous year.

"Our outlook for this financial year, which closes on 30 April 2012, is to build on last year's success. We have recently enjoyed a number of wins in competitive tenders and new appointments, which gives us great confidence going forward."


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