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George P Johnson hits £34m turnover as profit quadruples

Turnover increased to £34.1m in 2015 from £29.3m the previous year, while pre-tax profit was £805k, up from £201k

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.

Megson 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."

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