Digital marketing firm targets more acquisitions after results boosted by Vodafone and Mr & Mrs Smith projects
Digital marketing company Be Heard is targeting more acquisitions after reporting its results for the first half of 2016 today.
The company, which acquired MMT Digital for £20.5m earlier this year and Agenda21 last year, today reported turnover for the period of £14.7m.
Clients won during the period included Vodafone, BDO, Wiltshire Farm Foods and Mr & Mrs Smith.
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Executive chairman Peter Scott told City PM that two clients delayed projects after the EU referendum but have now returned.
“We had a couple of projects delayed in the immediate aftermath when everybody was, I think, looking for a compass,” he said.
“They came back two or three months later, but they were postponements, not cancellations. So apart from that initial uncertainty everything is very stable and business as usual.”
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Asked what Be Heard’s plans for the next year are, Scott said: “We are more and more excited every day at the scale of the opportunity to build a mid-sized marketing-services group.”
It is his ambition to buy and build Be Heard into a £100m-revenue company in the next three to four years.
Be Heard’s share price fell six per cent to 3.8p after reporting its results today.