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Smyle Group boosts turnover to £14.4 million

Turnover across Smyle and Pumphouse Productions up from £10.54m, resulting in more than £1m operating profit
31/03/2016

Pictured: Rick Stainton

Smyle Group boosted its turnover by more than one third to £14.4 million last year.

The live experience agency has forecast £14.4m combined turnover across Smyle and Pumphouse Productions - up from £10.54m last year - resulting in more than £1m operating profit. 

Smyle Group MD Rick Stainton said that the results were thanks to a healthy return on a number of investments made over the last 18 months, the set-up of a larger London office, the acquisition of Pumphouse Productions and a 25 per cent boost to staff numbers. 

He added that this has helped the team to consistently deliver a record number of live and digital experiences supported by powerful strategic communications, underpinning both the creative and delivery.

Stainton said: “Four months ago we conservatively predicted a healthy growth to around £12m turnover for the year, so to get to over £14m is a testament to our team’s focus on clients, how they look after them and their focus on long term strategic partnerships. 

"We have compromised our profit over the last year or so through a number of investments and it is very pleasing to see them starting to translate through into the group’s strong performance as a whole.”

Stainton also revealed that future plans over the coming year will see less of a push for growth.

“We will continue to work on supporting our new and existing relationships and do not have any desire to push for the same surge in growth for the coming year," he said. "We will aim to further simplify our processes while refining our skillset and available in-house resources for the maximum benefit of our clients – if that produces further growth then that will be an added bonus.”


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