Pictured: Jason Megson, George P. Johnson MD
George P. Johnson has reported a 16 per cent increase to its turnover, hitting £34 million, while pre-tax profit quadrupled.
Turnover hit £34.1m in 2015, up from £29.3m in 2014, while pre-tax profit was £805k, up from £201k the previous year. The period marked the starting point of GPJ's new managing director, Jason Megson, who entered the role in January 2015.
In its annual accounts for the year ending 31 December 2015, the experiential marketing agency says it continues to monitor the "uncertain economic climate" and says strong competition has resulted in its gross margin decreasing from 9.33 per cent in 2014 to 8.48 per cent.
told M&IT: "Our 2015 results are a clear and tangible indication that our
investments in creative, strategy and digital talent are starting to pay
off. We expect 2016 financials to support a continuation of this
growth trend, plus we will see the opening up of some exciting new
service offerings at GPJ."
The director's report filed in Companies House added that the company did not foresee any effect as a result of Brexit.
The report stated: "The principal risks facing the company include the uncertain economic climate which is affecting customers.
"The directors continue to monitor and review the company's performance in the light of forecasts and market expectations as part of their ongoing management of risk.
“Currently we do not foresee any material effect as a result of Brexit."