multilingual search marketing specialist Search Laboratory has seen its annual turnover increase by 40 per cent and expects to maintain this level of growth “for the forseeable future”.
The Leeds-based firm, which was founded in 2005, said it had recorded a turnover of £4.5m for the financial year to the end of October, 2011, up from £3.17m the previous year. The company declined to discuss profit figures, but said that it remained on course to meet its profit target for this financial year.
Search Laboratory has grown year-on-year turnover by £1m, or 40 per cent, for the past two years. It has increased its head count from seven to 70 in three years.
The company is exploring business opportunities in new markets including China and North America, said its chief executive Ian Harris.
Ron Harris, chief financial officer, said: “Revenue growth has been consistent over the last two years, which, coupled with strong client retention is evidence of the quality of service and strength of the results we produce for clients.
“Progress so far this year indicates that we will maintain this level of growth for the foreseeable future.”
Ian Harris added: “Search engine marketing is about staying ahead of the web’s evolution by anticipating its development and innovating services accordingly.
“We have assembled a team that can offer clients real insight into how the global population uses the internet to search for and buy goods and services online. We build this insight into marketing campaigns that drive international custom to our clients’ businesses and ensure their own customers have a convenient and efficient experience online.
“I’m very proud of what we’ve achieved to date, especially our ability to offer stable career prospects for today’s Yorkshire graduates, who are having a particularly rough time of it at the moment.” Search Laboratory, which continues to recruit, has customers across a range of sectors from fashion and luxury products to professional services and technology.
The company currently works with more than 200 clients in 18 countries across 30 languages.