Brandfuel profit rises by £1.2 million

Creative agency 'well positioned for growth' as turnover soars by more than £4 million.

David Ball
David Ball

Brandfuel has "seen a significant increase in turnover" this year, as it rose by more than £4 million to £16,621,563 and profit after tax for the financial year was £606,898.

That’s a marked difference to 2016 when the company made a loss of £612,572.

"We are confident that Brandfuel is well-placed to continue to deliver new, exciting and high profile projects for our clients in the coming year," said David Ball, founder of Brandfuel.

"We took a decision two years ago to accelerate our investment in building the best senior leadership team for our long-term future growth. 

"In June 2017 we created a formal board to support our continuing business growth. This will allow the company to sustain its expansion and provide a clear vision for the senior business operations team to execute." 

A directors’ statement accompanying figures for the year ending 31 May 2017 said the company had been able "to take advantage of volatility in the foreign currency markets following the referendum vote in June 2016."

 

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