Experiential marketing and events agency George P. Johnson says the uncertain economic climate is behind a pre-tax drop in profits for its 2014 financial year.
Although the agency reported turnover rising 12% in the year to 31 December 2014, its latest accounts show pre-tax profits down to £213,000 on a £29.3m turnover.
“2014 was a consolidation year for the business in what was an uncertain period for both the industry and economy as a whole,” said GPJ’s UK managing director Jason Megson.
He was optimistic for the next set of numbers, however, adding: “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 agency suffered a high profile departure last year when vice-president of sales and marketing at GPJ, Kevin Jackson, announced he was leaving to set up his own agency.