Banks Sadler records 32% profit increase

Global agency Banks Sadler has increased its profit from £1,339,635 to £1,770,495 for the financial year ending 31 October 2016.

Banks Sadler team
Banks Sadler team

Profit before tax was also up from £1,435,216 in 2015 to £2,073,794 in 2016. 

In the Directors Report included with the accounts, A M Davis, company secretary, said: "The company has delivered yet another impressive year of growth at both gross margin and net profit levels. Operating profits grew by an impressive 50% exceeding £1 million for the fourth year in a row.

"The directors are confident this growth will continue into 2017 as the company is still seeing strong demand across all of its key services as well as having secured multiple client extensions and new client signings."

Banks Sadler revealed an estimated 10% profit for the financial year increase in March this year and a 22% increase in comparable gross margin in its unaudited accounts for the year ending October 2016.

See more Banks Sadler:

Banks Sadler appoints new global sales director 

Top 50 agencies: Banks Sadler 

Five agencies to watch in 2016: Banks Sadler 

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