JAYWING, the digital marketing firm, said its performance had been boosted by a number of client wins, during a year of “strategic progress”.
In the year ended, March 31 Jaywing recorded a gross profit of £21.62m, compared with £20.64m the previous year. EBITDA before other income for continuing operations was £2.32m, compared with £2.53m the previous year. The company made a pre-tax loss of £380,000, against a £1m profit last time. Turnover was £26.7m, compared with £26.88m the year before.
Stephen Davidson, the Sheffield-based company’s acting chairman, said in his report: “In March 2014 we acquired Epiphany Solutions for an upfront consideration of £12m, with a further earn-out of £6m subject to future performance.
“Epiphany specialises in search engine marketing and is one of only 30 UK agencies that have achieved Certified Google Analytics partner status. The acquisition of Epiphany strengthened Jaywing’s performance in search marketing and provided our unrivalled team of over 50 data scientists with access to the digital data to develop innovative new products and services.
“This acquisition has been well received across both Epiphany and Jaywing client bases and externally in the market. The founders of the business have been retained and have taken on broader roles across the Jaywing business.”
Mr Davidson said the business had acquired a number of significant new clients including CollectPlus and Skipton Building Society.