DRP aims to double size of business by 2017

DRP Group has launched a five-year plan, which includes doubling its turnover to £30m by 2017.

DRP Group also plans to increase staff numbers from 147 to 250 and double the size of its offices, as part of a new five-year strategy, which was launched at the event agency's staff summer conference at Silverstone last week. 

DRP reported a record year in 2013 with a profit of £1.8m and a turnover of £16m. It also acquired production company Grosvenor TV in January and launched an exhibitions division one month later. 

Dale Parmenter, managing director of DRP Group, told C&IT: "One of our key goals by 2017 is to increase turnover to £30m. We should also see our team increase to 250 to help us achieve this. 

"Content development and strategy creation will be our priority as we grow key accounts, which will in-turn grow the business. Of course growing the team and focusing on bringing in the right talent is vital to growth and we’re already well on the way with our focus on this as four of our division's apprenticeship schemes are up and running."

Overseas expansion

Parmenter continued: "The plan at the moment outlines a commitment to explore overseas opportunities but absolutely nothing concrete in terms of opening overseas offices or even what country they would be in. We still see an enormous opportunity here in the UK that has yet to be fully realised.

"We have plans to double the square footage of our head office and studio space over the next two years."

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