BrandFuel reports 246% increase in pre-tax profit

Agency BrandFuel has recorded a 246% increase on its pre-tax profit, from £552,635 in the financial year ending May 2014 to £1.9m in 2015.

BrandFuel scooping four gongs at the C&IT Awards
BrandFuel scooping four gongs at the C&IT Awards

Meanwhile the company’s annual turnover has increased by 31%, from £13.1m to £17.4m.

"Our growth in terms of a great year is associated with new client acquisitions and growth in brand and design work for the creative team. Also, a strong focus on cutting costs or driving costs down from an operational point of view," said David Ball, founder and CEO. 

Commenting on the results, BrandFuel's head of finance, Michael Mitchell, said the profit margin had reverted to 'a more normal one for the industry'.  "After a couple of years of significant growth, we are looking to consolidate in 2016.  The great thing about BrandFuel is that we have the agility to respond quickly to our existing clients' needs and at the same time provide an excellent service to new propositions."

The agency, which has been repeatedly commended for its work with technology giant Google, recently walked away from the C&IT Awards this year with four gongs, including the coveted Grand Prix. 

More:

BrandFuel shines among winners at C&IT Awards

Strong relationship with Google catalyst for BrandFuel win

Google wins with intelligent events 

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