DRP Group set for record year

Worcestershire agency DRP Group posted a record turnover of £3.4m in 2006 and is on track to further top those levels. The Hartlebury-based company’s £3.4m turnover for the 2006 year was up 75% on 2005 and its net profit soared by 200% to £300,000. 2007 is likely to be even more successful for DRP Group. Managing director Dale Parmenter said the agency had won as much business in the first six months of this year as in all of 2006. He attributed the success to the investment of more than £1.3m in the business, including the establishment of a London office in late 2006, the recruitment of 15 staff in the past year and expansion of existing facilities in Hartlebury. “We have started to attack the London market and we are seeing new clients coming from the London base,” said Parmenter. “Ever since our 25th anniversary in 2005 and the reinvention of the business, we have continually invested in our equipment, people and premises so it’s great news to see that this is all really paying off with our bottom line.” Parmenter plans to take DRP Group’s turnover to £12m by 2010 by expanding on the agency’s core client markets in the sectors travel, recruitment and retail, and targeting new industries including finance and medical. “We are planning ambitious growth by going for high-end events,” he said. The agency employs 46 people and is recruiting up to four additional staff.

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