AddingValue sees 33% rise in pre-tax profit

Agency AddingValue's pre-tax profit has risen by a third for the financial year ending March 2015, to £235,000.

AddingValue's Randle Stonier
AddingValue's Randle Stonier

The agency, which recorded a pre-tax profit of £175,000 the previous year, also witnessed a 50% rise in turnover, from £4.8m to £7.2m.

Randle Stonier, CEO and founder, said he was pleased with the figures, attributing the sustained and steady growth to developing relationships with both new and existing clients.

"Next year we’ll be moving offices twice, once to a temporary location before we find our permanent space. This will incur a cost, but we’re still positive about the future. We’ve gained two new clients this year and developed our relationships and business with existing clients. We’re keen to continue to invest in both people and services over the coming year." 

The company moved to Richmond from Twickenham last year, to accommodate the new staff employed over the past 18 months. 

More:

Events agency start-ups: AddingValue

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60 Seconds with AddingValue's Tina Morris

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