NEWS30 July 2010

Incite posts 31% increase in annual turnover to £7.4m

Financials UK

UK— Research consultancy Incite saw turnover rise 31% to £7.4m for the year ended 28 February – more than double where it was two years ago.

Turnover in 07/08 was £3.35m, and increased 69% the following year to £5.65m. Growth slowed amid the recession, but otherwise 09/10 was “an exceptionally good year”, said managing director Roger Banks (pictured).

Incite is relocating to larger premises in London’s Covent Garden next month. Banks said: “Looking ahead, as we anticipate this trend of growth to continue, we believe that this is the right step for our business.”

Fees to June 2010 were up “almost a quarter” compared to the same period a year ago, the company said.