Chillisauce records increase in profits and turnover

Agency Chillisauce says it has achieved pre-tax profits of £261,000, following a previously reported profit loss, with turnover also rising from £17.2m to £19.1m.

Chillisauce: looking towards growth
Chillisauce: looking towards growth

Its figures are for the year ending 30 September 2016. Last year, the agency said a one-off write down of some capitalised technology costs contributed to a £280,000 loss before tax.

Matt Hull, commercial director at the agency said: "We are already starting to see a positive impact and a good return on the significant investment made over the last couple of years in IT systems and infrastructure. Our investment in technology will enable the business to scale up, increase profitability and break into new markets, enabling us to offer an even greater range of group activities and events for our clients."

The agency says it is also expecting to see further growth and improved profitability this year, despite Brexit uncertainties and the weaker pound. It points to another year of growth in 2017 with a further increase in bookings on both the consumer and corporate sides of the business. The agency is featured in the top ten of the list of the Top 20 Agencies in C&IT's State of the Industry Report 2017.

Hull added: "We are currently nine months into our new financial year, and figures already show another strong performance across the business. Our target this year is to make it over the £20m turnover goal post, and we’re certainly on track to achieve this. We are up nine percent compared to the same time last year which is extremely encouraging." 

The company, which employs just under 100 people at its London Bridge base, has clients including Barclaycard, Deloitte and Warner Bros.

More:

C&IT A List 2017: Selina Pridmore, Chillisauce

Chillisauce expands corporate team following 17% rise in bookings

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