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'Significant uplift in business' sees Touch double profit to £2.5m

Turnover was up 48 per cent to £41m at the Leatherhead-based agency
17/07/2018

Pictured: Andrew Wilkie was appointed last year to head up touch's brand engagement and creative engagement team

Touch almost doubled its profit to £2.5m last year after seeing a ‘significant uplift in business’.

Pre-tax profit rose from £1.3m in 2016 to £2.5m in the year ended 31 December 2017, according to accounts filed at Companies House. Turnover was up 48 per cent, from £27.7m to £41m in the same period.

The strategic report accompanying the accounts said: “The figures show a significant uplift in business for the year. What is particularly encouraging is that our strategy to support the general event management business by introducing and expanding the provision of higher-value services such as content support and audience engagement is increasing the margins achieved throughout much of the business across a wider client base.”

“Our commitment to sustainable, long term growth in the USA as well as the UK is working, with the successful addition of another US-based key account with a three-year Master Service Agreement.

“As well as growing our primary business within the healthcare and automotive sectors, we have added the financial sector as an important part of our growth plan, whilst also broadening the client spread. This addition of client industry sectors is an encouraging sign that the scale of the requirement for the services we provide gives us continued, significant growth potential across a broader range of industries. This also shows that the style in which we deliver our services is appealing to an increasingly wider global audience.”

Touch recruited 30 new hires last year, with the average number of employees up 64 per cent to 113 at the year end. The agency has also made a substantial investment in its Leatherhead headquarters, as well as adding Andrew Wilkie as a dedicated director at board level to head up its brand engagement and creative engagement team.


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