Jason Megson, MD of George P Johnson in the UK
George P. Johnson
has reported an increased turnover of 12 per cent, hitting almost £30
million, while pre-tax profit fell around 5 per cent.
In its annual
accounts for the year ending 31 December 2014, 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 11
per cent in 2013 to 9 per cent.
Turnover increased
sizeably, rising to £29.3 in the 12 month accounting period, from £26.1m in
2013. Pre-tax profits were £201k, down from £213k in 2013.
MD Jason Megson
said: “2014 was a consolidation year for the business in what was an uncertain
period for both the industry and economy as a whole. However, our prudence and
persistence has paid off, delivering a strong 2015, and hence we start this
year brimming with confidence and armed with a line-up of creative, strategic
and experience delivery talent that is second to none."
The report filed in
Companies House 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."
In May, then-vice
president Kevin Jackson left GPJ after four years with the agency, to start his
own company.
