NEWS18 October 2011

Research arm boosts Next Fifteen

Financials UK

UK— Next Fifteen Communications, the owner of Redshift Research, has reported a 19% rise in revenue for the year ending 31 July 2011.

The group’s digital and research business segment saw revenue jump from £1.6m in 2010 to £5.5m, a rise of 243% – helped by the acquisition of Bourne, a Glasgow-based digital marketing agency.

Adjusted operating profit within the division was up 458% to £670,000 from £120,000.

Digital/research revenue accounted for 6% of group revenue of £86m. Group profit before tax was up 42% from £5.3m.

Chairman Richard Eyre (pictured) said the firm had a “memorable year”.