TBT predicts healthy financial growth

TBT has forecast at least a 30% increase in profits and 23% increase in turnover for the year ending December 2012.

TBT predicts healthy financial growth
TBT predicts healthy financial growth

The Frome-based agency predicted a 30% year-on-year hike in gross and net profit for the year ended January 2012, with turnover rising to £4.3m, and expects similar growth for the following 11-month period.

It will move its financial year to January-December from 2013.

Managing director Pete Saunders said the 2011 growth was due to word-of-mouth referrals between existing clients, while figures for 2012 would be boosted by new clients.

"February and March 2012 are significantly up on February and March 2011, so I feel we'll continue to progress throughout this year," he said.

"For gross and net profit this year we'd expect to see 30% growth, or a bit more. To deliver that growth we'll continue to add new people."

The plans include hiring seven new recruits this year, having increased staff numbers from 30 to 46 in 2011.

These included the appointments of three new directors - Christian Knott, Jason Lancaster and Ian Hale.

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