2112 Marketing reports fall in turnover and profit

Agency plans to target public sector as corporate business declines

2112 Marketing plans to target the public sector following a drop in profits.

The agency's turnover was down by 15% for the year ended February 2009, while pre-tax profits fell by 30%.

2112 Marketing managing director Richard Nicholson said: "We are optimistic. We have not made any redundancies and do not plan to make any."

The agency won an account from an electricity firm in July and an automotive accessory client in April. It plans to target the public sector this year. "It is a difficult market to crack, but there is a level of expenditure in the public sector that is more recession-proof," said Nicholson.

Turnover this year is expected to fall, he said, adding: "We are able to maintain profit margins, but people are spending less."

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