Oxfordshire-based agency Corporate Innovations (CI) has seen turnover increase to £4.95m for the year ending 31 December 2011 – marking its highest turnover to date.

Accounts filed with Companies House showed that gross profit stood at £1.5m for the year – an increase of 12 per cent from 2010. Profit before tax also increased by 14 per cent from £305k in 2010 to £349k in 2011.

The number of staff only increased by one from 17 to 18 in the past year, and total staff costs were up slightly at £619k.

In his director’s report, managing director David Watt said: “Corporate Innovations continues to focus on supporting our key accounts, growing our products and services and building longer term relationships with new clients, and this, together with sound cost control, has enabled us to maintain our position in a competitive market.”

CI’s client list includes Pepsico, Microsoft, Orange and Camelot.

Pictured: David Watt