Communisis invests in West Yorkshire

Communisis spent £9.2m on developing Copley in 2014, including a £3m investment on capital equipment purchased from Lloyds, which is a major Communisis customer.

Communisis said two market-leading HP T400 and one T300 high-speed colour digital platforms have been commissioned as part of the overall investment in Copley.

News of the further investment came as Communisis announced a 21 per cent increase in 2014 adjusted operating profit to £16.0m following a 27 per cent increase in turnover to £343m.

The group, which also has operations in Leeds, announced exceptional items of £24.7m including non-recurring costs associated with restructuring, pension projects and acquisition activity together with a £21m non-cash provision for the impairment of goodwill that arose on acquisitions made in the early years of the last decade.

Following the exceptionals, the group made an after tax loss of £15.1m in 2014.

Communisis chief Executive, Andy Blundell, said: “Communisis has delivered another substantial improvement in adjusted operating profit and an average annual growth rate of 20 per cent over a five year period.

“2014 has been a successful year during which we have built and launched a new digital agency, continued to win important contracts for outsourced customer communication services and expanded rapidly overseas.”