P&MM enjoys profit hike after busy year

P&MM Group’s pre-tax profits for the year ended 31 December 2005 are up by 30% to £2m and gross profits by 30% to £10m, following a year of expansion for the group. The financial results were announced last month, capping a successful March for the agency, which was also voted into the Sunday Times 100 Best Small Companies list for the second year running. “It’s all about following the company strategy,” said P&MM Group finance director Sue Hocken. “We wanted to grow organically and through acquisitions, and last year that included adding Archer Young to our portfolio. We have carried that on this year by acquiring Summersault and The Voucher Shop, and we will continue to add to our offering by acquiring companies that complement our services.” While the Sunday Times listing is not expected to make a difference to the group’s share price, director of communications Debra Nightingale said that the kudos associated with the title was attractive to blue-chip clients. “It shows that, as a performance-improvement company, we practise what we preach and that we apply those disciplines to our own business,” she said.

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